Consolidated Contractors Company to create virtual warehouse with 3D-printed inventory
Greek construction giant Consolidated Contractors Company (CCC) has teamed up with UAE-based Immensa to create a digital warehouse which will 3D-print parts on demand.
Immensa predicts that companies are sitting on $10trn of inventory at any given time, and says that 3D printing as and when parts are needed can greatly reduce supply chain lead times and costs.
Aref Boualwan, Manager M.I.S. & Business Process Re-Engineering at CCC, commented: “If we can get to a point over the next few years whereby a small percentage of our inventory can be digitised the impact will be significant.
“What encouraged us to embrace inventory digitization is simplifying the supply chain and the ability to reproduce items in remote areas when and where it is most needed.”
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CCC is the largest construction company in the Middle East, founded in 1952 and today managing a workforce of more than 110,000 employees.
Recent research suggests that the concrete 3D printing market is set to $56.4mn by 2021, growing at a rate of 15% a year. The technology is clearly of interest to the likes of CCC, which is seeking to streamline its supply chain and make its operations more sustainable.
Fahmi Al-Shawwa, CEO of Immensa Technology Labs, added: “We believe that supply chains and logistics can be handled virtually, and that 3D printing technology will transform the traditional supply chain as well as the logistics and warehousing industries.
“We are pleased to be demonstrating the potential of this approach and explore its potential with CCC.”
New speakers announced for Procurement & Supply Chain Live
Two leading executives in supply chain transformation have been confirmed for this year's Procurement & Supply Chain Live event.
Procurement & Supply Chain Live is the perfect opportunity to hear from prominent executives at the world’s leading procurement and supply chain businesses. The event will be streamed live from Tobacco Dock, London via the leading networking platform Brella.
The three-day show, running 28-30 September 2021, is an essential deep dive into the industry, with influential speakers sharing insights and strategies from their organisations, group roundtable discussions, and fireside chats.
We take a look at the latest additions to the already amazing lineup of speakers announced so far, and what they will bring to the flagship event.
VP Global Supply Chain at Macmillan Education Ltd
Shaun Plunkett has over 30 years of supply chain leadership experience in FMCG, entertainment and media sectors, supporting multi-billion euro businesses including Universal Music, EMI, Sony Music, Harper Collins and Associated British Foods. He has a track record of successfully delivering transformational change coupled with award winning operating models and developing and coaching global teams. Plunkett says that challenging the status quo is at the heart of what drives him on a daily basis - and encouraging others to continuously push the boundaries.
Read more about Plunkett’s involvement in Macmillan Education’s supply chain transformation HERE
Digital Transformation Lead, Oracle UK and Board Member, CILT at Macmillan Education Ltd
Vikram Singla is digital transformation director at Oracle, UK. He helps supply chain and finance business leaders leverage technology to deliver meaningful business outcomes for their organisations. He also serves on the board if CILT (Chartered Institute of Logistics and Transport) – UK and is an Honorary Visiting Fellow at Anglian Ruskin University. Singla has more than 25 years’ experience in the technology sector, and in global supply chain transformation, including deploying business transformation programmes for Fortune 500 firms. In his spare time, Singla is a passionate brand ambassador for Cancer Research.
Plunkett and Singla join a growing line-up of speakers, including: Sheri R. Hinish, IBM; Robert Copeland, G4S; Daniel Weise, BCG; Mark Bromley, Mastercard; David Loseby, Rolls Royce; and Ninian Wilson, Vodafone Procurement Company.