Made in Türkiye July 2022

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Economic Newspaper July 2 Please mention 2022 “Made in Türkiye” when writing to advertisers Mehmet Soztutan Editor-in-Chief Letter From The Editor We have a part to play as usual Under a new strategy of Turkey’s Trade Ministry to reach out to more foreign markets, shelf space for Turkish products will be rented in markets located in nations defined as “distant countries.” A range of cooperation will be developed with the purchasing units of chain supermarkets in distant countries for the sale of Turkish products, and studies will be carried out to rent shelves in stores, according to the strategy. The “Far Countries Strategy” introduced by Trade Minister Mehmet Muş aims to spread the export success of Turkey, which it has achieved in its close geography, especially in Europe, the Middle East and North Africa, to the global arena. The strategy document and action plan showed that while preparing the strategy, the focus was on increasing the export range, which is 3,065 kilometers (1,905 miles) on average, to above the world average of 4,744 kilometers. Accordingly, 18 target countries for the development of trade have been determined, namely Canada, Mexico, Brazil, Chile, China, Japan, South Korea, Pakistan, India, Indonesia, Malaysia, Thailand, the Philippines, Vietnam, South Africa, Nigeria, and Australia. It is also aimed to transport export products and service exports to the farthest points of the world and to increase the awareness of the Turkish brand. According to the strategy, support will be increased by intensifying promotional activities, especially advertising activities in the written and visual media for these countries. In the consumption channels of the countries, shopping malls and chain stores will be specifically targeted. It should be noted that exports and export-oriented policies in particular are regarded as a growth stimulator by the Turkish government officials. As a matter of fact, opening up a country’s market to the international markets allows a country more efficient production and allocation of resources as the country can concentrate on the production of goods in which it has a comparative advantage based on its factor endowments. Actually, being around the world for decades, we have a crucial part to play under this strategy through our diverse range of export- oriented publications. We wish lucrative trade for the business people. Food Turkey’s food industry has recorded a steady growth in recent years, with the Turkish consumers becoming increasingly demanding, driven by the multitude of choices offered by mass grocery retail outlets. Rising disposable income and changing consumption patterns, along with the increase in the number of persons in full-time employment, have all led to an increase in interest as regards packaged and processed food, such as ready-to-eat meals and frozen food. As the sector is getting more sophisticated, Turkey is becoming one of the largest markets for baked goods with its bread. N.Brown/ New York How to prioritize human life? The reduction in business activity is necessary to prioritize human life. We need to know the true infection and asymptomatic rates before deciding on local lockdowns. Abandoning severe lockdowns a time when the likelihood of a resurgence in infections remains high will lead to greater total economic damage than sustaining the lockdowns to eliminate the resurgence risk. Now, borders suddenly do matter, as countries hold on tightly to face masks and medical equipment, and struggle to source supplies. The coronavirus crisis has been a powerful reminder that the basic political and economic unit is still the nation-state. H. Trun/ Berlin Letters to The Editor We were short-sighted To build our seemingly efficient supply chains, we searched the world over for the lowest-cost producer of every link in the chain. But we were short-sighted, constructing a system that is plainly not resilient, insufficiently diversified, and vulnerable to interruptions. Just-in-time production and distribution, with low or no inventories, may be capable enough of absorbing small problems, but we have now seen the system crushed by an unexpected disturbance. So long as this is the case, countries will have to strive for a better balance between taking advantage of globalization and a necessary degree of self-reliance. G.Raft/ Paris The lesson of crisis We should have learned the lesson of resilience from the 2008 financial crisis. We had produced an interconnected financial system that seemed efficient and was perhaps good at absorbing small shocks, but it was systemically fragile. If not for massive government bailouts, the system would have collapsed as the real estate bubble popped. Evidently, that lesson went right over our heads. The economic system we construct after this pandemic will have to be less shortsighted, more resilient, and more sensitive to the fact that economic globalization has far outpaced political globalization. D. Forester/ Istanbul Responsible Editor: Mehmet Söztutan (mehmet.soztutan@img.com.tr) Editors: Assoc. Prof. Mehmet Ali Özbudun Ayça Sarıoğlu Correspondent: İsmail Çakır (ismail.cakir@img.com.tr) Marketing Manager: Recep Arslantaş (recep.arslantas@img.com.tr) Arts Director: Tolga Çakmaklı (tolga.cakmakli@img.com.tr) Subscription: Ismail Özçelik (ismail.ozcelik@img.com.tr) HEAD OFFICE: İstanbul Magazine Group İHLAS MEDIA CENTER Merkez Mah. 29 Ekim Cad. No:11 Medya Blok Kat:1 34197 Yenibosna / İstanbul / Turkey What is your advise for former President Trump? Publisher: ISTMAG Magazin Gazetecilik İç ve Dış Ticaret Ltd. Şti. Adına Sahibi H. Ferruh Işık PLEASE MENTION Tel: +90. 212 454 22 22 Fax: +90. 212 454 22 93 www.img.com.tr - img@img.com.tr LIAISON OFFICES BURSA: Ömer Faruk Görün Buttim A Blok Kat: 4 No: 4029 Bursa / Turkey Tel : (90.224) 211 4450 - 51 Fax: (90.224) 211 4481 KONYA: Metin Demir H. Ulusahin Is Mrkz. C Blok No: 603-604-605 Konya / Turkey Tel : (90.332) 238 10 71 Fax: (90.332) 238 01 74 PRINTED BY: İhlas Gazetecilik A.Ş. Merkez Mah. 29 Ekim Cad. İhlas Plaza No: 11/41 PK: 34197 Yenibosna - Bahçelievler Istanbul / Turkey Tel: (90 212) 454 30 00 Fax (90 212) 454 34 83 WHEN CONTACTING ADVERTISERS THE ECONOMIST Well!!! Try not to become a man of success but rather to become a man of value. Metal industry seeks FTAs with Latin America With a decline in commodity prices hurting profits, companies operating in the metal industry are looking at the markets in Latin America, seeking free trade agreements (FTA) with the countries in this continent. “That is correct. We have expensive goods in inventories to sell but the prices are on the decline, and this situation causes losses in profits,” said Çetin Tecdelioglu, head of the Istanbul Ferrous and Non-ferrous Metals Exporters’ Association (IDDMIB). However, he noted demand from the EU and other markets for local products is strong. At a meeting at the Trade Ministry, they convened their demand to government officials for signing FTAs or similar deals with Mexico and Brazil. “The decline in prices may well continue until the end of the year,” Tecdelioglu added. The local ferrous and non-ferrous metal industry’s export revenues target is $16 billion, and revenues from shipments to foreign markets already exceeded $8 billion in the first half of 2022, he said, noting that the current situation in the global markets may offer opportunities to Turkey. Tecdelioglu recalled the meeting at the Trade Ministry, when the “distant countries strategy” for exports was unveiled. “Under this strategy, we also aim to increase our share from the global market.” “The report on the new strategy provides details on how exports could be increased to the target countries. We are very excited about the Latin America [market]. Particularly, Mexico and Brazil have a large population, and their consumption is strong. With FTAs, we can also capture a larger share in Europe,” he said. Turkey is seeking to increase its exports to the world’s largest economies with a specially tailored “distant countries strategy.” The targeted 18 countries in different continents, including the U.S., Canada, Mexico, Brazil, China, Japan, India, South Africa and Australia, account for more than half of the global economy. Countries need to bolster their game to attract FDI The President of the Investment Office of the Presidency of Turkey Burak Daglıoglu called on countries to strengthen their efforts to attract foreign direct investment (FDI) amid the rise of globalization and technology. In an op-ed piece penned for the World Economic Forum, Daglıoglu said entrepreneurship has expanded thanks to more opportunities and innovative projects, which have an impact on the national, global and local economies. “To attract FDI, countries need to get serious about their own startup ecosystems and their own value propositions in order to sell them to the world. That’s why now investment promotion agencies (IPAs) are more important than ever,” Daglıoglu said, adding that IPAs need to have a grasp of their local startup ecosystems and keep up with their global counterparts. He continued by highlighting that they can play an “intermediary role in connecting startups and investors.” Daglıoglu also suggested that IPAs should cooperate with public and private stakeholders to devise and maintain a suitable startup ecosystem. Academics and industry experts also need to collaborate to produce a talent pool and work as a platform to put the ideas into action, he said. Referring to the example of Turkey, Daglıoglu said Turkish startups were able to raise $2.3 billion in funding between 2011 and 2021. “Early-stage investments averaging $100-$150 million per annum skyrocketed to $1.6 billion in the year 2021, despite the COVID-19 pandemic. That growth momentum has continued into 2022 as well, securing $1.2 billion in the first quarter,” he outlined. Daglıoglu noted that Turkey now has several unicorns and decacorns thanks to the snowball effect of recycling capital into the ecosystem. 3 rd International Exhibition for Cosmetics, Beauty, Hair Home Care, Private Label, Packaging and Ingredients October 13 - 14 - 15, 2022 ICC - Istanbul Congress Center & ICEC - Istanbul Lutfi Kirdar / Taksim, Istanbul Now in 2 Venues Tel: +90 212 2229060 | www.beauty-istanbul.com +90 533 4843030 | info@beauty-istanbul.com
July Economic Newspaper 2022 Please mention “Made in Türkiye” when writing to advertisers 3 “Bloocell technology will be the first Unicorn company in the field of healthcare in our country” Blocell, which produces high-standard equipment and automation systems to meet the quality requirements of the pharmaceutical industries and received awards from 4 different international organizations, continues to make a difference in its field. Mustafa Cüneyt Çıkman, Chief Executive Officer, Bloocell Technology, shared the origin story and goals of the company with our readers... Could you inform us about yourself and the origin story of the Bloocell brand? I am Mustafa Cüneyt ÇIKMAN, the founder of BLOOCELL. I received basic training in pharmacology, medicine, physiology, histology, biomechanics and anatomy engineering. I gained expertise in the development of Virtual Reality, Augmented Reality organ, tissue, cadaver modeling and training simulation systems. I have been a manager and executive in National and International projects including mechanics, mechatronics, chemistry, metallurgy, veterinary medicine, biomedical, electronic engineering. Bloocell® was my biggest dream. The project, which was realized with the contributions of valuable scientists of our country, has received awards from the American Academy of Orthopaedic Surgeons (AAOS), the Orthopaedic Research Society (ORS) and John Hopkins University and 4 different international organizations. Bloocell Bioscaffold is the first “ARTIFICIAL BONE PROJECT” implemented in the world In the current climate of increasing life expectancy with the increase in bonerelated injuries, a paradigm shift is taking place from standard bone grafting to tissue engineering / tissue regeneration gain in applications such as orthopedic, dental, plastic and reconstructive surgery. Bloocell is the first representative of this paradigm in the world. The scientists in the Bloocell Scientific Advisory Board at the Johns Hopkins University Faculty of Medicine Translational Tissue Engineering Center and Biomedical Engineering Department have been completed by obtaining all legal permissions and registration to the Medical Devices institution. “Bloocell Technology” from raw material to production was nationalized and its production was started by establishing a GMP (Good Manufacturing Practices) onsite production line within Life Sciences Institute, Boğaziçi University. The project, which is the first in the world, has been presented to the service of our country and humanity. What are your product types? The team of Bloocell ® engineers is conducting their research to design a technological platform for the production of scaffolds that will enable 3D (3D) bone tissue regeneration. Our products allow customization of precise shape and geometry. This approach is critical for the products to fully adapt to the anatomical structure. Bloocell Bioscaffold’s unique architecture is conducive to the infiltration of cells and blood vessels that play a key role in wound healing and tissue repair. Bloocell ® assists in the natural stages of bone healing. Bloocell ® offered its technology developed products to the market. “BLOOCELL HYBRID” used in neurosurgery and craniofacial surgery consists of titanium and polymer materials. “BLOOCELL BONE AND CARILAGE REPAIR MATRIX” used in Orthopedics, Maxillofacial Surgery, Otorhinolaryngology, Plastic Surgery and Neurosurgery is a biomaterial used in the repair of bone and cartilage defects. We produce with high standards of equipment and automation systems. So, what are your most demanded products? The indication area of Bloocell Bioscaffold is wide. It is an osteoconductive material, that is, when used as a scaffold or template, it can form bone on its surface, in channels, and into pores. Its important feature is that it has the best ability to imitate the bone in terms of biomechanics and molecular weight, so we call it artificial bone. Bloocell Bioscaffold has superior technology with its “structural adaptation” and “natural mechanical compensation” features. The internal structure of the product imitates the texture. In this way, it allows the tissue to develop. Bloocell ® Bioscaffold, which can take the desired anatomical shape or have pre-prepared forms, is designed for the treatment of bone augmentation and deteriorated structures. Bloocell ® Technology provides vascularized tissue formation by mimicking bone. Doctors began to use this innovation for their patients. Unrivaled technology is one of the first symbols of groundbreaking medical devices in medicine. The surface technology developed by using Mesh and Barrier models in the repair of neural defects increases tissue transmission. Bloocell ® Bioscaffold takes the physiological cues of the tissue in response and generates the appropriate geometry within it in the long term. Due to its enzymatic structure, it is completely removed from the body after treatment. autologous materials and donor site morbidity. Recent advances in biomaterials have provided attractive alternatives to bone grafting, expanding surgical options to restore the shape and function of injured bone. Bioactive (second generation) biomaterials have been developed that are characterized by controlled action and reaction to the host tissue environment while exhibiting controlled chemical degradation and absorption between the regenerated tissue and the replacement tissue . The next generation Bloocell Bioscaffold is designed to promote the regeneration of host tissues by combining tissue engineering and in situ tissue regeneration methods with a focus on new applications, not only osteoconductive but also osteoinductive. Bloocell Bioscaffold will open up new possibilities for tissue regeneration and repair. It currently supports bone reconstruction to restore structural and functional integrity for complex skeletal defects of post-traumatic, degenerative, neoplastic, or congenital /developmental “origin”. Engineering functional bone using combinations of cells, scaffolds and bioactive factors, Bloocell capable of exhibiting favorable biomimetic and mechanical properties It is an exemplary and unique technology for future development in the bioscaffold field. In summary, it shows what we can expect from the next generation concept of bone regeneration, which makes this work superior to the others. Could you inform us about your export and target markets? We made our Turkey and World launch. We expanded our market in MEDICA, America CES, Arab Health fairs. Our primary goal is to have a permanent say in the market. To cooperate with leading health institutes and technology companies and to expand our sales network in order to contribute to the country’s economy and become a world brand. How do you evaluate your own position in your sector at home and abroad? What are your current position, strengths and plans in this market? Mustafa Cüneyt ÇIKMAN, founder of BLOOCELL It is known that the tissue engineering North American market is 35 billion dollars. Continuing hot sales in Turkey, MENA region and Europe, additionally establishing a representative office. Bloocell America was opened and Russia, Central Asia, Pacific, China and India markets were entered. Our goal is to be a reliable and permanent brand in the global market. Bloocell technology will be the first Unicorn company in the field of health in our country. What about your in vivo and in vitro studies? What distinguishes this work from others? The role of Bone Tissue Engineering in Regenerative Medicine has been the subject of significant research over the past two decades. Technological advances have improved orthopedic implants and surgical techniques for bone reconstruction. However, advances in surgical techniques to reconstruct bone have been limited by the scarcity of available
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Made in Türkiye July 2022

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