3.1.1 New and emerging technologies GapFill

The Industrial Revolution resulted in changes in the economy and the manufacturing industry mainly because of more computers automation more workers crowdfunding .

Enterprises are important for the economy in that they provide countless jobs in new and emerging industries. New enterprises often raise money or capital by CAD selling their house lean manufacturing crowdfunding . Sustainability in the manufacturing industry is crucial and many companies are now starting to make much greater use of coal oil non-finite resources finite resources .

Manufacturing companies must be aware of the needs of consumers when using new and emerging technologies in products. They continue to develop new products to meet changing fashions races climates faiths and ethics trends beliefs religions . However, lead times pollution the environment trendsetters can delay very quick responses to ever changing consumer needs.

New and emerging technologies are also changing the way in which we make products. Planned obsolescence CAD JIT Enterprise combines printers CAD software laser cutting and computer hardware to design, develop and test products. CAM allows computers to convert digital drawings into codes machines 3D printers robots which control machines to make component parts. One major disadvantage of CAM is that it offers greater flexibility never breaks down is very accurate has high set-up costs .