Challenges in the Panamanian Logistics Sector

Investment in more sophisticated equipment, preparing human capital for knowledge generation and coordinated decision making between government and business, are some of the areas that Panama has to work on in order to continue competing globally.

Wednesday, January 29, 2020

The country depends largely on the economic activities of the logistics sector, as it contributes about 33% of the Gross Domestic Product. However, the intense competition at a global level has forced Panama to face multiple challenges.

See "Logistics: Can Competitiveness Be Restored?"

Antonio Garcia-Prieto, president of the Panama Logistics Business Council (Coel), told that "... the sector must not fall asleep and must continue working. One of the fundamental challenges is the synergy that must coexist between the public and private sectors because that is the key to a successful outcome."

The article adds that "... That is why the development and renovation of the Panamanian logistics structure is a great challenge that forces the sector to prepare itself with more sophisticated equipment, advanced technology and to continue preparing the human capital in knowledge generation, as well as to raise the quality of the logistics training centers, among other pending issues."

Work coordinated between the public and private sectors will generate good results for both parties, since logistics activity contributes a third of the State's income.

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More on this topic

Logistics: Business Stolen from Panama?

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Because Colombian ports have a lower operating cost base than Panamanians, the South American country competes to appropriate the logistics business in the region.

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Businesses are complaining that upward adjustments in rates proposed by the Maritime Port Authority will make them less competitive.

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Panama Not Organized as a Logistics Hub

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