The analysis of data and large volumes of images, combined with the implementation of innovative methodologies, allows companies to size up how many of their products could be marketed in outlets classified as informal.
More and more companies need to identify and estimate, with precision, what portion of their market they may not be serving. At the same time, they need to gauge the likelihood that their products are being sold in places that are classified as informal. In many cases, the actual size of the parallel market that these types of establishments make up is not always on the radar of manufacturing and distribution companies.
Some of the most notable effects caused by the spread of covid-19 is the cancellation of at least 8,000 hotel nights in Costa Rica, and the interruption by Iberia of its flights from Madrid to Guatemala and San Salvador.
Businessmen in the region agree that due to the virus that has been spreading from China, supply chains have been interrupted, which is combined with a drop in the transit of people, causing losses to the tourism sector.
A drop in the flow of tourists to the region, cancellation of reservations and the suspension of flights are part of the expected consequences of the spread of the virus worldwide.
According to the report prepared by the Central Bank of Costa Rica called "Commentary on the national economy for February 2020", derived from the outbreak of pneumonia caused by SARS-CoV-2 virus (coronavirus) is expected to report a negative impact on the influx of tourists to the country.
The sector's union has estimated that for the 2017-2018 harvest 2.4 million hundredweight of beans will could have been produced, but due to climate effects, only 1.9 million hundredweight will be collected.
According to the Salvadoran Chamber of Small and Medium Agricultural Producers (Field), with the 500 thousand hundredweight of beans that will not be collected in the period 2017-2018, $25 million will be lost, as each hundredweight is valued at $50.
The low profitability of State bonds, in which the pension funds are required to invest, will generate millions in losses that will affect future pensioners.
From a communique from the Salvadoran Association of Industrialists (ASI):
The Salvadoran Industrial Association held a transparent forum today entitled 'Urgent Need to Protect Salvadoran Workers Pension Funds', in which they analyzed the perspectives of different entities involved in the issue of pensions.
With different modus operandi, the governments of Costa Rica and El Salvador are degrading the future value of workers' savings deposited with Pension Operators.
EDITORIAL
In the case of Costa Rica it is the voracity with which the Treasury has to go to the stock market in order to raise money to pay for increased spending, especially on staff salaries, leading to low yields on government bonds, which in an obligatory manner make up the portfolio of the Supplementary Pension Operators (PCO), assets which are supposed to safeguard the future value of pensions.
Inflation negatively affects the profitability of the private pension savings system of El Salvador.
The profitability of the Pension Savings System (SAP in Spanish) in El Salvador, a private pension scheme, has again produced negative returns last year, said the Superintendent of Financial System.
The watchdog found that the real return of 2011 was about -2%, due to accumulated inflation from January to December.
The storms that have hit Central America in last ten days have affected the sector which makes up 8% of GDP in the region.
As well as the decline in tourist arrivals, there are also substantial damages to infrastructure with collapsed roads and bridges, making it impossible to achieve growth targets set for this year.
The Minister of Tourism in El Salvador, Jose Napoleon Duarte, said, "People who had trips scheduled this month have not traveled. No one has been thinking of traveling and this will completely overthrow all of the statistics at the end of the year. It is better to speak with sincerity. "
Tropical Storm Agatha caused $112.1 million in losses in infrastructure and agriculture.
The government is shifting funds from other budgets to handle the damages. Preliminary reports estimate that $44.1 million is required for the country’s infrastructure and $68.8 to cover losses in crops.
The technical secretary of the Presidency “explained that the money will be taken from the budgets of the State’s institutions, which are reviewing their finances to determine how much they can earmark for rebuilding the country”.
ANEP of El Salvador calculates the trade embargo with Honduras produced $36 million in losses each day for Central America, as calculated globally.
For the Salvadorian textile industry in particular, the border closing meant estimated losses of $1 million in exports and 4,000 workers sat idle, according to calculations from the Salvadorian Chamber of Textile, Confection, and Free Trade Zones Industries (CAMTEX, acronym in Spanish) published in Elsalvador.com. At the same time, the organization estimates that Honduran factories lost $700,000 in exports to El Salvador.