SINGAPORE - UPS and partner Fast Radius will launch an on-demand 3D-printing facility in Singapore by the end of this year, the first such initiative by the logistics heavyweight outside of the United States.
The facility will custom-make items ordered by customers online and delivered by UPS, often within 24 hours. 3D-printing's ability to customise a product, produce it quickly and at any quantity required are the advantages over traditional manufacturing, which often produces in large amount and creates inventory and cost issues, UPS Asia Pacific president Ross McCullough said on Monday (Sept 19) when announcing the facility.
UPS already has a network of 3D-printing services across 60 UPS Stores - the company's business centre chain - and a Fast Radius factory, all in the US. The factory was launched last year by Fast Radius, in which UPS has invested for a minority stake.
Bringing the service to Singapore - UPS' Asia Pacific headquarters - is a very easy choice, given the country's central location in South-east Asia and the strong government support, Mr McCullough added.
Also present at the launch event, Economic Development Board logistics director Lee Eng Keat said 3D-printing is the next phase in Singapore's manufacturing sector, and partnerships like the one with UPS will hopefully lead to a growth of expertise and awareness for the sector to mature.