UPS Ventures Invests in Fast Radius in Effort to Understand 3D-Printing’s Impact

Published by , September 18, 2018 12:29 pm

(TruckNews) The UPS Ventures arm has taken a minority stake in Fast Radius, a company pushing 3D printing, in hopes of better understanding how 3D printing – or additive manufacturing – will affect its UPS business long-term. While UPS isn’t a manufacturer, it was curious about how additive manufacturing could affect the supply chain and its delivery business.
“We use (the fund) to invest in knowledge capital,” explained Alan Amling, vice-president of UPS Ventures. “Looking at new business models. How do we work with companies in the start-up community to help educate us on what the next wave of solutions will be so we can get a head start?”

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