“As applications of the technology expand and prices drop, the first big implication is that more goods will be manufactured at or close to their point of purchase or consumption. This might even mean household-level production of some things. (You’ll pay for raw materials and the IP—the software files for any designs you can’t find free on the web.) Short of that, many goods that have relied on the scale efficiencies of large, centralized plants will be produced locally. Even if the per-unit production cost is higher, it will be more than offset by the elimination of shipping and of buffer inventories. Whereas cars today are made by just a few hundred factories around the world, they might one day be made in every metropolitan area. Parts could be made at dealerships and repair shops, and assembly plants could eliminate the need for supply chain management by making components as needed.”
source: Richard A. D’Aveni http://hbr.org/2013/03/3-d-printing-will-change-the-world/
This will have implications for big manufacturing business and other sectors such as retail.
The likes of China who in recent years have become the biggest holder of outsourcing contracts will have a big problem on their hands.
With issues like this, come the other inevitable problems relating to national economies and the Global economy as a whole.
What will this mean for Capitalism????