Panama Has the Lowest Logistics Costs in Latin America
Panamanian companies have a total logistics sales cost of 12.4% where the average in Latin America is 14.7%.
Thursday, April 2, 2009
These figures are the result of a survey conducted by the Latin America Logistics Center (LALC), at the request of the Chamber of Commerce and the National Secretary of Science, Technology and Innovation (SENACYT).
The main problem reported is the lack of dredging, which has even led to decreased cargo loads so that ships do not end up touching the seabed.
Multimodal transport and logistics are among the topics that will be addressed in the international trade fair taking place on October 22nd - 24th in Panama City.
Production and logistics inefficiencies arising from their small size means that small scale producers have profit margins that are 19% lower than those of large companies.
To become a global logistics center, Panama needs to efficiently integrate the various components involved in this sector.
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