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From live-streaming runway shows to virtual fitting rooms, technology is disrupting the fashion industry more than ever before, and one of the most exciting innovations making its way to the fashion world is 3-D printing.
3-D printing, also known as 3D printing or additive manufacturing, is the process of producing three-dimensional objects from a digital file. Like most industries, the fashion industry typically relies on mass production, where the cost of manufacturing per unit decreases as production quantity increases. In turn, retailers can then lower the price on each unit, which in theory should further increase demand. When demand does rise, the cost of production continues to decline while profit margins increase. This is a scenario in which mass production benefits the retailer. However, a noteworthy challenge with mass production is that nothing can be sold until it’s produced, and 3-D printing could solve that. Furthermore, additive manufacturing significantly cuts down production time and shortens the supply chain in a way that can seriously increase profit margins for retailers.
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