The manufacturing industry leverages these tools in real time in order to predict and prevent potential problems, thus maximizing the performance of operations and workforce in production plants by collecting, storing and organizing data generated by machines, devices and systems on the production floor.
Predictive models combine the power of Big Data with artificial intelligence and machine learning to understand, monitor and optimize processes.
Panamanian President Laurentino Cortizo, sanctioned the law that creates the Special Regime for the Establishment and Operation of Multinational Companies for the Provision of Services related to Manufacturing.
The Cabinet authorized the Minister of Commerce and Industry to submit to the Assembly a bill to create the Special Regime for the Establishment and Operation of Multinational Companies for the Provision of Services Related to Manufacturing.
The decline in the production of food products and beverages, influenced that during the first half of 2019 in Panama reported a 4.6% year-on-year fall in the production volume of manufacturing companies.
The behavior of the manufacturing industries, observed through their global integrated indices of volume, prices and value presented, for the first semester of 2019, compared with the same period of the previous year, decreases in the order of 4.6%, 0.5% and 5.0% respectively, informed the General Comptroller's Office of the Republic.
Searching for home furnishings, accessories, clothing and gifts, more than 150 local and international buyers will participate in the New World Crafts Fair, to be held in Antigua on September 24 and 25.
From the Agexport statement:
AGEXPORT's Handmade Commission prepares for the 12th. Edition of the New World Crafts Fair (NWC), the most important marketing platform for handmade products from Guatemala in the region and one of the main in Latin America, which will take place on September 24 and 25, 2019 at the Hotel Casa Santo Domingo, Antigua Guatemala.
During the first three months of the year, the production volume index of manufacturing industries registered a decrease of 2.7% compared to the same period in 2017.
The Comptroller General of the Republic reported that "... The behavior of the manufacturing industries observed through its integrated global indexes of volume, prices and value showed for the period January to March 2018, compared to the same period in the previous year, a decrease in production volumes in the order of 2.7%, and growth in their prices and value of 3.1% and 0.4%, respectively."
From July 30 to August 1, a business meeting will take place between business leaders in the region and Chilean companies from the forestry, agriculture, manufacturing and seafood sectors.
From a press release by ProChile:
The event will be held in Guatemala City, between July 30 and August 1, and will bring together about 120 buyers from all over the region.In total, there will be 60 places for Chilean entrepreneurs in the forestry and agricultural sector, industry-manufactures and seafood.
Last year, the region bought $3.874 million worth of plastic and manufactured goods from abroad, 6% more than in 2016, and 35% of imports came from the United States.
Figures from the information system on theMarket for Plastic and its Manufactures in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"]
On October 15 and 16, Costa Rica will host an international congress for companies in the life sciences sector.
From a statement issued by the Cinde:
San Jose Costa Rica. May 17, 2018.On October 15 and 16, Costa Rica will be the meeting point for high-level exhibitors in the life sciences industry, decision makers of the world's leading companies in the sector, key suppliers, consulting firms, among others, in the fourth edition of the Life Sciences Forum Costa Rica 2018, organized by the Costa Rican Coalition of Development Initiatives (CINDE).
From May 21 to 25, Guatemalan entrepreneurs from the manufacturing sector will be visiting Panama to explore business opportunities with Panamanian buyers.
The union of exporters of Guatemala is calling on companies in the manufacturing sector to form part of the Commercial Mission to Panama, anticipated for the days 21 to the 25 of May.
On September 26 and 27, 2018 companies from various sectors will be gathering together in Antigua to take part in business conferences and showcase different types of products.
The event is being run by the Organizing Committee of Manufexport 2018, which is inviting small and medium-sized Guatemalan companies to be part of the SME pavilion, to participate in the international retail fair.
In 2017, Central America countries imported $96 million worth of various common metal manufactures from Mexico, 14% more than what was purchased in 2016.
Figures from the information system on the Market for Common Metals in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"]
The performance of the activities of ready-mix concrete, milling products and alcoholic beverages explains the 2% growth registered by the sector in 2017, reversing the fall reported in 2016.
The Trade Union of Industrialists of Panama (SIP) reported that last year the manufacturing sector's share of GDP was 5.2%, and that the activities which boosted the industry were ready-mix concrete, mill products, alcoholic beverages, animal feed preparations, cements and derivatives, and meats.
From January to September 2017, countries in the region imported $430 million worth of aluminum and its manufactures, and 45% was purchased by companies in Costa Rica and Guatemala.
Figures from the information system on the Central American Market for Aluminium and its Manufactures, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption = "Click to interact with graph"]
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