UPS CEO: Customers Don’t Have Capital for 3D Printers [UPDATED]

United Parcel Service, Inc. (NYSE:UPS) CEO Scott Davis spoke with FOX Business Network’s (FBN) Adam Shapiro about why UPS stores in San Diego offer 3D printing. Davis said, “Most of our “customers don’t have the capital to invest” in their own 3D printer, and that “It’s all about us trying to understand what customers want.”

Excerpts from the interview are below.

On select UPS stores in San Diego offering 3D printing:

“It’s all about us trying to understand what customers what. Our United Parcel Service, Inc. (NYSE:UPS) store serves small businesses, startup businesses and home offices, so we asked them, what do you need? A lot of them came back and said we would love to have a 3D printer because we don’t have the capital to invest in this ourselves, so if you do that we can go out and have models for our customers. It’s us saying what do our customers want and let’s be a step in front of the customers.”