shipping utilizing 3d printing to integrate and sprint 1
TRANSCRIPT
Sprint 1:
Utilizing 3D Printing to Integrate and Fulfill Market Desire for Sustainability, Athletic Clothing, and Same Day Shipping
Renée Weisz, Edgar Uribe, Ajay Menon, Grace Patel, Jonah Sinclair, Katherine NicholasI&E Capstone Spring 2021
The Individual Markets in Sustainability, 3D Printing, and Athletic Attire are Primed for Symbiotic Innovation
SustainabilityGrowing desire within Generation Z and Millennials to buy sustainable products
In 54% of Gen Z and 50% of Millennials are willing to spend an incremental 10 percent or more on sustainable products
3D Printing Developments in 3D printing will continue growing
Tech companies have had growth of 165% over the past 5 years and 3D printing is expected to grow at a CAGR of 14.6% from 2020 to 2027
Athletic AttireIncreasing interest in purchasing athletic attire
The global running gear market is expected to grow at a CAGR of ~6% during 2019-2024The sports apparel market was valued at $167.7 billion in 2018 and is estimated to reach $248.1 billion by 2026
Why now?3D printing for clothes started in 2010s. It used to take 7 days to print an item - now, it can take minutesRise in sustainable fashion is being driven by Gen Z
Current Product Lines Address Sustainability, Style, and Performance Independently
Popular Sustainable BrandsYoga, Lifestyle &
Athleisure Brands
High Intensity Athletic Brands
Customers address their desire for Sustainability with other methods
Buying Used Athletic Clothing
Buying Carbon Offsets for Shipping Along with
a Purchase
Delivery with Electric Vehicles
Customers address their desire for Rapid Delivery with other methods
Ordering and Delivery from Local Stores
Rapid or Same-Day Shipping for an Additional Fee
Going to a Retail Store Instead of Ordering
Online
Customers address their desire for High Performance Athletic Attire with other methods
Sacrificing Style for Performance (e.i. neon
athletic attire)
Using Personal Fans while Running
Using ‘hot hands’ Warmers or Layering
Our Three-Pronged Value Proposition Benefits Both our Customers and the Environment
Sustainability
● 3D printing leaves a smaller carbon footprint than traditional manufacturing (less waste and electricity used)
● Leaves no room for labor rights violations seen with other companies
● Decentralized manufacturing lowers carbon footprint from shipping
Athletic Performance
● Temperature-regulating fabrics; useful for both high and low temperatures
● Style and quality does not suffer
● Efficiency; less steps to yield high quality athletic wear
Faster Shipping
● Decentralized manufacturing allows our product to reach the customer faster (design sent directly to 3D printer with printers in many locations)
● At the same time, shipping prices remain unchanged
3D Printers can manufacture products with customized materials that have Temperature Regulating Properties
Material: PVA/boron nitride core filament
- Reacts to body temperature and cools/heats accordingly
- Currently in development for greater production
Demand among College Students is Evident, however, because 3D printing is a newer technology, many consumers don’t understand the benefits
Test: Ask college students to buy their athletic clothing with a 3D printed manufacturing option. Approximately half are provided with no context, while the other half is given information about the benefits of 3D printed manufacturing methods.
Overall Positive Rate of Response:
70%
Positive Rate of Response with Background:
96%
If the market is interested, how can we reach them?
More excitement surrounding temperature regulating clothing, however both questions showed high levels of interest from college-aged audience
Social media marketing proved to be a low cost, effective way to quickly reach our target audience
In each test, we noticed high activity in the form of:● Large percentage of interactions
among impressions● Many follow up questions &
positive feedback
There are several main risks that need to be addressed before going forward
Consumers don’t understand the benefits of 3D printed manufacturing
An educational effort is necessary
Creating a decentralized manufacturing networks and establishing a brand
name
Partnering with a large company could be best
Robotic manufacturing, including 3D printing, may increase unemployment
Create programs or partners for creating meaningful work
Our data is limited to related products/markets and peer networks
Demand tests with greater scale and scope of audience are needed
Reflections
- Many 3D printing operations currently exist as rapid prototyping and services-type business models
- We must grapple with the idea that this may not be a standalone company but rather a prototyping/services oriented operation
- While our peers responded enthusiastically to our value proposition, we haven’t proved that we can actually fulfill that value proposition
- Saying “sustainable, high-quality, and faster shipping” is different than actually creating that product
- Even if we have a product, we don’t yet have an audience - If we follow through with this idea, we need to think about creating an audience and potential
market demand. Without that, we can’t monetize. - Assigning roles based on our own strengths and weaknesses before beginning our work was
pivotal to our assignment running smoothly