As a good company of great importance, BP has just published a report with the prospects that it expects to find in the medium and long-term market and, among the factors that could most affect its business, in addition to the electric vehicle or renewable energies, the company, for the first time, refers to the Print 3D.
The idea they have at BP is that thanks to 3D printing, a large part of the complex supply chains that exist in the world can be eliminated from the equation and that, in recent decades, have contributed a lot of income to the firm. Basically what they see is that freight transport represents more than 20% of the total consumption of crude oil in the world. If 3D printing reached every home, much of this freight transport would be reduced.
BP assures that one of the risks for its business is 3D printing.
Although in BP they predict that oil consumption will continue to grow until the 2040sThanks mainly to the increase in freight transport in Asia, the truth is that they are aware that 3D printing will be one of the factors that they must take into account for future long-term forecasts. As a detail, attending to Spencer dale, Head of Economics at BP, today there is more oil in the world than the world will need until demand enters a state of irreversible decline.
Meanwhile Shane well, Head of Technology at HP ensures that:
The system that we have known for the last 150 years was too simple and has begun to die. Now the design of the products will be done anywhere in the world because the product itself will move in a digital format to any place, it will only have to be printed with a 3D printing system. This will cause China, Malao or Vietnam to stop having the sense that they have today because the manufacturing price of a piece will be the same if it is manufactured in Shanghai or New York.