Dubai company Proto21 made 3D-printed face masks and shields for frontline workers during the pandemic. Courtesy Dubai Media via Twitter
Dubai company Proto21 made 3D-printed face masks and shields for frontline workers during the pandemic. Courtesy Dubai Media via Twitter
Dubai company Proto21 made 3D-printed face masks and shields for frontline workers during the pandemic. Courtesy Dubai Media via Twitter
Dubai company Proto21 made 3D-printed face masks and shields for frontline workers during the pandemic. Courtesy Dubai Media via Twitter


3D printing can one day solve our supply chain woes


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January 27, 2022

I was speaking to an executive in the shipping industry a few months ago and he described a scenario where hundreds of millions of shipping containers were in the “wrong place”.

You already know this person wasn’t joking.

What he was describing is the real-world supply chain crisis we now find ourselves in, which began when the commerce chain was interrupted during the pandemic when no new orders were placed, and ships and containers sat idle at their last port of delivery. Then the global economy revved back up again and the new bottlenecks have formed at ports around the world – from Shanghai-Ningbo to Los Angeles.

Economists at Citi predict we won’t be done playing catch-up on this crisis until later this year or even into 2023.

One of the many interesting things we are researching at the Dubai Future Foundation is the future of trade.

Thinking through the mechanics of trade is instructive because not much has changed over hundreds of years: you want an item, place an order and the item is delivered in due course.

Whether the delivery is by ship, air, bike or drone, it still gets delivered. The item is produced somewhere near or far, it might even be assembled over multiple locations. The fact remains that manufacturing takes place somewhere and needs to be moved to its destination somewhere else.

Right now, much of the manufacturing of mass-market products takes place in East Asia. And as the demand-and-supply-chain-crunch hit the world, one of the emerging trends is to establish better and larger storage facilities while increasing local and regional manufacturing capabilities to bring goods closer to consumers.

A significant change to today’s mode of doing business is that the intellectual property associated with each product will gain in value and importance: blueprints for any product could come from anywhere in the world, sent to the buyer or the factory for production.

This is an obvious solution, though hard to achieve as the production requirements are enormous and near-universal manufacturing capability is close to impossible.

Enter digital trade.

We’ve all heard about 3D printing, and many of us have a 3D printer at home. We can print chess pieces, countless Hello Kitty mugs, even chocolate and pasta shapes. You get the picture: download a template or blueprint and print what you will.

Dubai Future Foundation's 3D printed office. Photo: Government of Dubai Media Office
Dubai Future Foundation's 3D printed office. Photo: Government of Dubai Media Office

Additive manufacturing, a slightly nerdier term for 3D printing, is in its infancy today. Yet, the Dubai Future Foundation has printed its very own building to demonstrate that it can be done quickly and cost-effectively. Built in 2016 at the original location of the Foundation, the 3D-printed office was the first of its kind and was eventually awarded a Guinness World Records title for that distinction.

For anyone doing some home-3D printing, the “printer” used for this assignment was truly gargantuan: six metres tall, 35 metres long and six metres wide. The component parts were printed over the course of 17 days and the building assembled in just two days. This project, designed by Gensler, has demonstrated efficiency on a number of levels: construction costs were reduced by 60 to 80 per cent, and the waste associated with this project was less than half of a traditional building of equivalent size.

The future will become more intricate, as different materials such as resins, glass, steel or even biological materials are included in additive processes and the complexity of the end-product increases. Once that state of technology is reached and when “additive factories” – factories that can print anything from any instruction – are everywhere, then anything can be manufactured anywhere.

There is likely to be countertop-sized sophisticated printers at home for smaller scale and relatively less intricate items, and we’ll see massive factories capable of producing anything from a VR headset to a blender and to medicines – even human organs.

These big factories may be akin to computer chip fabrication centres, and we may see a few in each country. Large cities may have their own additive manufacturing factories, and may well replace the fulfilment centres that currently supply online retailers. All products are made to order and would be dispatched quite locally, boosting economic self-sufficiency.

A significant change to today’s mode of doing business is that the intellectual property associated with each product will gain in value and importance: blueprints for any product could come from anywhere in the world, sent to the buyer or the factory for production.

The early stages of such companies already exist and they are at the interface between AI-powered engineering and additive manufacturing. For now, some of their products include racing bike saddles that are designed in Germany and the blueprint is sent worldwide for local adaptation and production. These are the contours of things to come, this is the beginning of the future of trade where ships will not have to wait at ports or at sea, where stocks are a thing of the past and where software is at the heart of hardware – a more important evolution, in my books, than NFTs.

WHAT FANS WILL LOVE ABOUT RUSSIA

FANS WILL LOVE
Uber is ridiculously cheap and, as Diego Saez discovered, mush safer. A 45-minute taxi from Pulova airport to Saint Petersburg’s Nevsky Prospect can cost as little as 500 roubles (Dh30).

FANS WILL LOATHE
Uber policy in Russia is that they can start the fare as soon as they arrive at the pick-up point — and oftentimes they start it even before arriving, or worse never arrive yet charge you anyway.

FANS WILL LOVE
It’s amazing how active Russians are on social media and your accounts will surge should you post while in the country. Throw in a few Cyrillic hashtags and watch your account numbers rocket.

FANS WILL LOATHE
With cold soups, bland dumplings and dried fish, Russian cuisine is not to everybody’s tastebuds.  Fortunately, there are plenty Georgian restaurants to choose from, which are both excellent and economical.

FANS WILL LOVE
The World Cup will take place during St Petersburg's White Nights Festival, which means perpetual daylight in a city that genuinely never sleeps. (Think toddlers walking the streets with their grandmothers at 4am.)

FANS WILL LOATHE
The walk from Krestovsky Ostrov metro station to Saint Petersburg Arena on a rainy day makes you wonder why some of the $1.7 billion was not spent on a weather-protected walkway.

Dirham Stretcher tips for having a baby in the UAE

Selma Abdelhamid, the group's moderator, offers her guide to guide the cost of having a young family:

• Buy second hand stuff

 They grow so fast. Don't get a second hand car seat though, unless you 100 per cent know it's not expired and hasn't been in an accident.

• Get a health card and vaccinate your child for free at government health centres

 Ms Ma says she discovered this after spending thousands on vaccinations at private clinics.

• Join mum and baby coffee mornings provided by clinics, babysitting companies or nurseries.

Before joining baby classes ask for a free trial session. This way you will know if it's for you or not. You'll be surprised how great some classes are and how bad others are.

• Once baby is ready for solids, cook at home

Take the food with you in reusable pouches or jars. You'll save a fortune and you'll know exactly what you're feeding your child.

The biog

Family: He is the youngest of five brothers, of whom two are dentists. 

Celebrities he worked on: Fabio Canavaro, Lojain Omran, RedOne, Saber Al Rabai.

Where he works: Liberty Dental Clinic 

Founders: Abdulmajeed Alsukhan, Turki Bin Zarah and Abdulmohsen Albabtain.

Based: Riyadh

Offices: UAE, Vietnam and Germany

Founded: September, 2020

Number of employees: 70

Sector: FinTech, online payment solutions

Funding to date: $116m in two funding rounds  

Investors: Checkout.com, Impact46, Vision Ventures, Wealth Well, Seedra, Khwarizmi, Hala Ventures, Nama Ventures and family offices

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Day 2, stumps

Pakistan 482

Australia 30/0 (13 ov)

Australia trail by 452 runs with 10 wickets remaining in the innings

Updated: January 27, 2022, 2:00 PM