Global Diffusion of Innovation during the Fourth Industrial Revolution: The Case of Additive Manufacturing or 3D Printing

Steenhuis, Harm‐Jan; Fang, Xin; Ulusemre, Tolga

doi:10.1142/s0219877020500054

Cited by 22 publications

(29 citation statements)

References 108 publications

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“…The manufacturing industry has been transitioning to the Fourth Industrial Revolution (i.e. from Industry 3.0 to Industry 4.0) (Steenhuis et al , 2020). In the Fourth Industrial Revolution, inventory leanness has become a critical concern for firms (Ghobakhloo and Fathi, 2020; Pagliosa et al , 2020).…”

Section: Discussionmentioning

confidence: 99%

Sensitivity about inventory leanness

Chakrabarty

Wang

2020

JMTM

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PurposeThis study aims to suggest that firms and stock market investors are more sensitive about inventory leanness when industry information technology (IT) usage is high. First, when industry IT usage is high, a firm's inventory leanness is more responsive to information inputs (cash holding and sales efficiency). Second, when industry IT usage is high, the price-to-earnings ratio (indicative of stock market investors' willingness to pay a premium) is more sensitive to the firm's inventory leanness.Design/methodology/approachThis study highlights the contextual role of industry IT usage during the 1998–2009 lost decade (wherein the steepest falls in manufacturing jobs happened in the USA).FindingsThe results highlight the significant contextual role of industry IT usage. In manufacturing industry sectors with high IT usage, (1) inventory levels of firms are more responsive to information inputs and (2) stock market investors have greater appreciation for inventory leanness.Originality/valueThe lost decade, 1998–2009, was a difficult period for the manufacturing industry. Nonetheless, there was variation in stock market valuations of manufacturing firms, with many firms outperforming others. Stock market investors were sensitive to inventory leanness. Firms that positively impressed stock market investors were strategically positioned in high IT usage industry sectors and prioritized inventory leanness. Further, their inventories were sensitive to information inputs – their inventories were leaner in response to improved sales-efficiency and/or shortage in cash.

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Section: Discussionmentioning

confidence: 99%

Sensitivity about inventory leanness

Chakrabarty

Wang

2020

JMTM

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“…The idea of 3D-printing emerged in 1980's and thereafter, turned out to be revolutionary by printing objects and components that find applications in numerous fields. [4,[46][47][48] This bottom-up approach offers a single step digitally controlled process of fabricating 3D structure in a layer-by-layer manner. The additive manufacturing (AM) technique is more user friendly due to its rapid production capacity, low waste generation, high accuracy, reproducibility, easy customization of shape and geometry, high durability, and usage of a wide range of printable materials, making this technique unique from others.…”

Section: D-printing Overviewmentioning

confidence: 99%

3D‐Printing to Mitigate COVID‐19 Pandemic

Kumar

Pumera

2021

Adv Funct Materials

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3D-printing technology provided numerous contributions to the health sector during the recent Coronavirus disease 2019 (COVID-19) pandemic. Several of the 3D-printed medical devices like personal protection equipment (PPE), ventilators, specimen collectors, safety accessories, and isolation wards/ chambers were printed in a short time as demands for these were rising significantly. The review discusses some of these contributions of 3D-printing that helped to protect several lives during this health emergency. By enlisting some of the significant benefits of using the 3D-printing technique during an emergency over other conventional methods, this review claims that the former opens enormous possibilities in times of serious shortage of supply and exceeding demands. This review acknowledges the collaborative approaches adopted by individuals, entrepreneurs, academicians, and companies that helped in forming a global network for delivering 3D-printed medical/non-medical components, when other supply chains were disrupted. The collaboration of the 3D-printing technology with the global health community unfolds new and significant opportunities in the future.

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“…Kianian et al, 2016). Steenhuis et al (2020) manifested the impact of company age and location on the adoption behavior. 4.6.3 Environmental criteria.…”

Section: D Printing Technologymentioning

confidence: 99%

“…From aerospace and automotive to consumer goods, 3D printing (3DP) is embraced as process innovation (Steenhuis et al, 2020) across multiple industries to accelerate new product development, optimize supply chains and enable creative freedom. Still, the technology's rate of adoption is low when compared to initial forecasts (Gartner, 2019;Wohlers Associates, 2019).…”

Section: Introductionmentioning

confidence: 99%

Organizational adoption of 3D printing technology: a semisystematic literature review

Ukobitz

2020

JMTM

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PurposeThree-dimensional (3D) printing (3DP) offers a promising value proposition across multiple manufacturing industries. Despite the variety of production benefits the technology entails, its rate of adoption is still low compared to industry forecasts. In face of this challenge, industry as well as academia requires more information and guidance. This review aims to examine the characteristics of the existing body of research on the organizational adoption of 3DP as well as its underlying theoretical concepts. The most common criteria driving adoption will be derived, such as to facilitate the managerial decision-making process. Pathways for future research will be presented.Design/methodology/approachThis study underlies a bibliometric literature review and additionally applies content analysis to systematically investigate the existing body of research and group decision criteria along the four major pillars of strategic decision-making.FindingsThe contributions of this paper are threefold. First, the bibliometric analysis reveals interesting aspects of the existing body of research. The most prominent characteristics of the contemporary literature are reflected along descriptive indicators, such as industry, method, model, origin, research outlet or adoption drivers, thus granting relevant insights into academia and practice. Second, the most notable adoption models are carefully analyzed on their inherent attributes and their application fit for the context of organizational 3DP adoption. Findings, for instance, revealed the dominance of diffusion of innovation (DOI) across the existing body of research and divulge that this construct is generally applied in combination with user-centered decision frameworks to yield more precise results. Third, an ample range of opportunities for future research are detected and thoroughly explained. Among others, the authors identified a clear lack of information on the impact environmental variables and contingency factors exerted on the organizational adoption of 3DP. Guidance in relation to the sourcing of industry data, usage of adoption frameworks and avenues for future scientific projects is supplied.Originality/valueThis study represents the first semi-systematic literature review on the organizational adoption of 3DP. Thus, it not only offers a valuable evaluation guide for potential adopters but also determines a future research agenda.

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Global Diffusion of Innovation during the Fourth Industrial Revolution: The Case of Additive Manufacturing or 3D Printing

Cited by 22 publications

References 108 publications

Sensitivity about inventory leanness

Sensitivity about inventory leanness

3D‐Printing to Mitigate COVID‐19 Pandemic

Organizational adoption of 3D printing technology: a semisystematic literature review

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