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 Panamaamerica.com.pa 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?

February 2019

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

Until a while ago, Panama led the logistics operations in the region, however, there are some signs that indicate that this situation could be changing, since the growth in the movement of maritime cargo in the country has reported a slowdown in recent years.

Logistics: Can Competitiveness Be Restored?

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Investing in infrastructure that improves the connection between its main ports is one of the most determining factors for Panama to recover the competitiveness that is beginning to lose regionally and globally.

The Panama Maritime Chamber (CMP) presented its strategy "Maritime Vision Country 2019-2024", in which it analyzes that although the Canal was expanded and remains competitive at the port level in the region, the country needs to improve in terms of institutionality, human resources, infrastructure, processes and technology, to continue giving tools to the logistics sector to continue its development.

Panama: Increased Fees for Ancillary Maritime Services

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

Companies providing these services assert that the adjustments proposed by the Maritime Port Authority to the tariff regime amount to a 1,000% increase in the cost of the operating license.

Panama Not Organized as a Logistics Hub

February 2013

If it wants to be at the top of the global logistic map, it is not enough to manage the Canal well, Panama must also realize its potential with a long-term strategy.

Capital.com.pa reports that "Despite having a privileged position and have seas on both sides, a growing canal for ships to pass through and the latest generation of ports, Panama still doesn’t have a national logistics strategy that allows efficient connectivity and competitive costs, which means that the country is still far from becoming the logistics hub of America.

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