Building specialized docks for the auxiliary marine industry and increasing the capacity to deliver quickly by air are some of the challenges that Panama will face in the coming years.
The Panamanian economy depends heavily on the logistics sector, but currently faces new challenges because of the increasing competition from other regional players who offer better costs in managing cargo on a large scale.
The Chilean and Panamanian governments have agreed to promote a cruise route between both countries and decided that Chile will be the first Latin American ally of the Logistics Hub of Panama.
The president of Panama, Juan Carlos Varela, and his Chilean counterpart, Sebastián Piñera, agreed to jointly promote the Pacific-South cruise route, which will go from Panama to Valparaíso and vice versa, aimed at increasing the number of tourists visiting both nations, informed the Panamanian Ministry of Foreign Affairs.
From October 18 to 20, logistics and foreign trade companies will be gathering together in Panama City to take part in conferences on issues related to the sector.
The event, which will take place at the ATLAPA Convention Center, will involve companies and consultants in logistics and foreign trade. Expo Logística Panama will be held in an exhibition area with 5,360m² of space, where about 150 local and foreign companies will be taking part in more than 250 modules with products and services geared towards the area of logistics and multimodal transport.
Integration of Latin American customs offices and challenges for the port sector up to 2040 are some of the topics to be discussed at the tenth edition of the logistics event in Panama.
From a statement issued by the Chamber of Commerce, Industries and Agriculture of Panama (CCIAP):
For the tenth consecutive year, the Chamber of Commerce, Industries and Agriculture in Panama (CCIAP) in conjunction with the National Secretariat of Science, Technology and Innovation (SENACYT), will be holding EXPO LOGISTICS Panama 2016 from October 19 to 21, with one of the main objectives of the event being to strengthen the sector and provide up to date information for professionals in the logistics and multimodal transport sector.
For companies in the sector, the country has the right conditions to become a hub of global added value chains, but more zones need to be built.
The Panama Canal expansion will open up new opportunities in the field of logistics and value added, which according to representatives of the free zones, must be taken advantage of. One such emerging sectors has to do with the value chains.
In Panama the annual event that strengthens the country as a trading platform of excellence in logistics in the region has been inaugurated.
From a statement by the Chamber of Commerce, Industries and Agriculture of Panama (CCIAP):
CCIAP and SENACYT
Panama EXPO 2014 with high expectations for business in the region
Panama, 20 October 2014 Aiming to overcome the expectation of business contacts and visitors as well as the challenge of positioning Panama as the most important trading platform for logistics excellence in the regional market, over 250 exhibitors from eleven countries will be attending the eighth version of PANAMA EXPO 2014, to be held from 22 to 24 October.