Coronavirus: How to Avoid Shortage?

Allowing import, export and transit processes to be carried out efficiently is the recommendation of the region's businessmen to avoid product shortages in the regional market.

Monday, March 16, 2020

For the Federation of Chambers and Industrial Associations of Central America and the Dominican Republic (Fecaica), governments should continue to take the measures considered necessary so that the cases detected so far do not continue to multiply, or at least, the contagion curve can be minimized, taking actions such as activating and expanding emergency response mechanisms and informing the population about the risks and ways to protect themselves.

The Fecaica statement specifies that "... regional coordination and the adoption of joint measures should continue, via the SICA Secretariat and competent bodies such as COMISCA, COMIECO and the Council of Ministers of Foreign Affairs, among others."

Julio Castilla Peláez, President of the Costa Rican Chamber of Commerce, the economic repercussions of the Covid-19 are not only worrying, but also represent a huge challenge and are affecting trade.

The leader of the guild believes that the commercial sector is currently facing a challenge to keep the categories of hygiene products, antibacterial soaps, alcohol gels, and cleaning products supplied, due to the health alert issued in relation to this virus, which has had a direct effect on the supply chain.

Pelaez said that "... From our sector we make an urgent call to the government to relax the rules and avoid the contraction of the sector's activity. Currently registering a product, or modifying a registration, can take weeks and does not allow businesses to respond immediately to consumer demand, in the midst of a national emergency."

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More on this topic

Retail, Mass Consumption and Commercial Channel

June 2020

Reaching consumers in a confined scenario has been a complex task for companies distributing mass consumption products, since the operation of some of the commercial channels has been limited in the region's markets.

In Panama, companies engaged in the wholesale distribution of food products such as oats, beverages, snacks and others have faced challenges during the weeks of home quarantine, which was decreed by the authorities following the outbreak of covid-19.

Evolution in Consumer Habits

May 2020

In the new post covid-19 reality, most consumers will cut back on spending, save more and stock up on goods, and in the e-commerce field, most people who shop online will be willing to wait up to two days to receive their product.

The new commercial reality that emerged in an accelerated way due to the health crisis, forces companies to quickly understand the changes in the consumption habits of their customers and how to take advantage of the opportunities that derive from this transformation in business.

Commercial Sector Suggests Resumption of Activities

April 2020

Applying cleaning and prevention protocols in workplaces and shops, such as those stipulated by the health authorities, are the proposals of Costa Rican businessmen to resume the commercial activity that has been restricted since mid-March.

Following the spread of covid-19, in Costa Rica and the other Central American countries, governments have decreed mandatory quarantines and have also restricted the movement of consumers at certain times.

Pandemics and Consumer Behavior

March 2020

Fear of the unknown and the belief that a serious problem justifies a dramatic response, pushes consumers to make panicky purchases, driven by anxiety and a willingness to calm their fears.

Following the spread of covid-19 worldwide and its declaration as a pandemic by the World Health Organization (WHO), businesses worldwide have reported a considerable increase in the products they offer, which can be explained by consumer behavior in a context such as the current one.

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