00:00 October is recognized as Manufacturing Month, a time to celebrate and promote the crucial
00:06 role that manufacturing plays in the global economy.
00:09 Manufacturing Month highlights the significance of this industry in various aspects, including
00:13 the global supply chain, job creation, and innovation.
00:17 Manufacturing encompasses the production of goods that are essential for everyday life.
00:21 From automobiles to electronics, clothing to food products, manufacturing provides the
00:25 foundation for meeting the demands of modern consumers across industries.
00:29 It serves as the backbone of economies worldwide, creating a ripple effect that stimulates economic
00:33 growth and development.
00:34 In many ways, manufacturing is a driver of innovation.
00:37 The industry constantly evolves, harnessing new technologies, materials, and processes
00:41 to enhance production efficiency and product quality.
00:45 Manufacturing innovations have led to advancements in areas such as automation, robotics, and
00:49 sustainable practices.
00:50 These innovations not only benefit the manufacturing sector, but also have a broader impact on
00:55 other industries and society as a whole.
00:57 On October 6, the National Manufacturing Day, President Biden released a statement talking
01:01 about the importance of manufacturing and its impact on the domestic and global economy.
01:06 Biden and his administration shared, "Manufacturing is the backbone of our economy, but over the
01:10 past few decades, we have not always treated it that way."
01:14 The proclamation goes on to share the importance of investing in manufacturing.
01:18 Shapeway Holdings, trading on the NASDAQ under SHPW, a prominent player in the digital manufacturing
01:23 industry, is currently redefining the global manufacturing landscape.
01:27 Shapeways is accomplishing this by enabling on-demand manufacturing and simplifying complex
01:31 production through its exclusive software system.
01:34 The company extends its support to small and mid-sized manufacturers, providing them with
01:38 access to Shapeways' proprietary software and assisting them in digitizing their operations,
01:43 driving revenue growth, and expanding their manufacturing capabilities.
01:46 The company reported growth during the first half of 2023, with a notable 26% year-over-year
01:51 enterprise growth.
01:52 Shapeways has embraced Manufacturing Month and held its very own Shapeways Manufacturing
01:56 Week during the first week of October to kick off the month.
01:59 Shapeways was determined to create a comprehensive event focused on advancing practical solutions,
02:04 encouraging innovative thinking, and exploring the future of manufacturing.
02:07 Previously, Gregory Kress, CEO of Shapeways, has emphasized the untapped potential in the
02:11 manufacturing industry.
02:13 "The manufacturing industry is one of the largest markets that has yet to be digitized,"
02:17 he said.
02:18 "While large manufacturing companies are investing in digital transformation, smaller
02:22 and mid-sized players have often been left behind.
02:25 We aim to help them achieve the same advantages as their larger counterparts."
02:29 Recognizing the need to reshape the manufacturing sector, Shapeways launched Otto, a proprietary
02:33 software platform designed to streamline ordering, perform file analysis, and expedite production.
02:39 Otto goes beyond optimizing labor efficiency, asset utilization, and inventory costs, the
02:44 powerful software platform also enhances collaboration between manufacturers and their customers,
02:49 fostering growth and paving the way for future opportunities.
02:52 In 2022, Shapeways added to its capabilities, solidifying the relationship between manufacturers
02:57 and buyers by acquiring MFG and integrating its software features and services onto the
03:02 platform.
03:03 Through MFG.com, manufacturers now have access to end-to-end procurement and management systems,
03:08 helping them enhance productivity and revenue.
03:11 The MFG service is beneficial for business owners, industrial designers, and engineers
03:15 alike.
03:16 To further demonstrate their commitment to the manufacturing sector, Shapeways introduced
03:19 MFG Materials, a new software offering on the MFG platform.
03:23 This addition provides manufacturers with discounted access to a wide range of raw materials,
03:28 averaging a 15% discount off list prices.
03:31 Reflecting the growing global raw materials market, which was valued at $169.8 billion
03:37 for aluminum alone in 2021, this innovative solution taps into a market projected to reach
03:42 $277.5 billion by 2030, according to Precedence Research.
03:48 Taking user feedback into account, Shapeways developed MFG Transactions within the MFG
03:53 platform.
03:54 This practical solution allows manufacturers to directly handle invoices and payments,
03:58 fulfilling the requests of 92% of MFG buyers.
04:01 Shapeways also introduced the 3D Model Viewer, a sophisticated tool that simplifies the quoting
04:06 experience.
04:07 The 3D Model Viewer showcases all the files a potential buyer uploads with a request for
04:11 quote including 2D files.
04:13 It not only enables interactive highlighting and grouping of intricate details, but also
04:17 provides precise measurements and superior visualization techniques.
04:21 With its renowned expertise in advanced software, Shapeways is positioned as a leader in revolutionizing
04:26 the manufacturing landscape.
04:28 By extending their innovative on-demand manufacturing services and software to a wide range of industries,
04:33 Shapeways allows other companies to leverage their knowledge and insights to remain competitive
04:37 in a constantly evolving modern market.
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