NetworkNewsBreaks – Sigma Labs, Inc. (NASDAQ: SGLB) Issues Letter to Shareholders
Sigma Labs (NASDAQ: SGLB), a leading developer of quality assurance software for the commercial 3D printing industry, this morning released a letter to its shareholders from the company’s Executive Chairman Mark K. Ruport. In the letter, Ruport provides an update as to how Sigma Labs is responding to today’s uncertain environment, steps it is taking to ensure safety of its employees and frequent contact between the Sigma team and its customers, as well as optimism of the importance and relevance in what the company is doing for the 3D printing industry. “At the macro level, we have always felt that 3D printing has the potential to return a percentage of manufacturing to the United States due to the fact that there is significantly less labor cost and material loss compared to traditional manufacturing. The recent crisis has highlighted, however, the fact that many supply chains are too long and complex and, as such, are vulnerable to issues in times of uncertainty,” Ruport states in the letter. “Many predict that 3D metal printing, which was already forecasted to grow substantially over the next few years, will accelerate as companies rethink their supply chain strategies and consider the proximity of the manufacturing site to where the part might be needed. The analog to this is what Amazon and Walmart have done regarding the importance of localized product warehousing, distribution and staging capabilities closer to customers. Threats of COVID-19, trade wars, culture barriers, and political alienation will force manufacturers to consider strategies that increase their agility and shorten the cycle-time from initial demand, to manufacture and ultimately to delivery.”
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Sigma Labs (NASDAQ: SGLB), a leading developer of quality assurance software for the commercial 3D printing industry, this morning released a letter to its shareholders from the company’s Executive Chairman Mark K. Ruport. In the letter, Ruport provides an update as to how Sigma Labs is responding to today’s uncertain environment, steps it is taking to ensure safety of its employees and frequent contact between the Sigma team and its customers, as well as optimism of the importance and relevance in what the company is doing for the 3D printing industry. “At the macro level, we have always felt that 3D printing has the potential to return a percentage of manufacturing to the United States due to the fact that there is significantly less labor cost and material loss compared to traditional manufacturing. The recent crisis has highlighted, however, the fact that many supply chains are too long and complex and, as such, are vulnerable to issues in times of uncertainty,” Ruport states in the letter. “Many predict that 3D metal printing, which was already forecasted to grow substantially over the next few years, will accelerate as companies rethink their supply chain strategies and consider the proximity of the manufacturing site to where the part might be needed. The analog to this is what Amazon and Walmart have done regarding the importance of localized product warehousing, distribution and staging capabilities closer to customers. Threats of COVID-19, trade wars, culture barriers, and political alienation will force manufacturers to consider strategies that increase their agility and shorten the cycle-time from initial demand, to manufacture and ultimately to delivery.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
