The document discusses the challenges and advancements in material processing aimed at reducing weight in structural components for vehicles and aircraft, focusing on high-strength steels, aluminum, and polymer composites. It emphasizes the importance of integrated computational materials engineering (ICME) in optimizing material properties and manufacturing processes to facilitate multi-material structures while balancing cost-effectiveness. The Lightweight Innovations for Tomorrow (LIFT) initiative is highlighted as a collaborative effort between industry and research institutions to accelerate the adoption of advanced metals and innovative manufacturing practices.