Mergers and Acquisitions: What to ExpectMonday, October 26, 2020 Due to the economic crisis, it is expected that during 2021 the number of business alliances and company sales will increase, especially in the most damaged sectors, such as tourism, hotels, restaurants, entertainment, education and real estate. The restrictions imposed by the governments of the region due to the covid-19 outbreak, has generated economic losses in most of the productive sectors, including reported business closures and increases in unemployment levels. Export Alliance With AlibabaTuesday, September 22, 2015 Costa Rican export products will be able to be sold through the e-commerce platform Alibaba.com. From a statement issued by the Foreign Trade Promotion Office of Costa Rica:
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Internet Searches = Market TrendsThursday, May 13, 2021 By collecting and analyzing the information that Internet search engines store on the queries that consumers make, it is possible to know with a high degree of precision what their interests are and to look for patterns or trends that help to measure performance indicators for a specific topic. Through systems that provide real-time monitoring of changes in consumer interests and preferences in different countries, it is possible to project short- and long-term demand trends for the different products, services, sectors and markets operating in the regions. Digital Industry Income IncreasesWednesday, January 2, 2019 During 2018, foreign sales by companies in the digital development sector in Guatemala totaled $37 million, 4% more than in 2017. Panama, United States, El Salvador, Mexico, Dominican Republic, Japan, Canada, Germany are some of the markets where the Digital Development Sector (SOFEX) of AGEXPORT innovated in its exports of specialized services, informed the exporting guild. Opportunity for Tea in ChileWednesday, April 12, 2017 Although the tea which is most consumed in the South American country is black tea, there is a growing consumer preference for new flavors, varieties and formats. From a statement issued by PROCOMER: Clothing: New Investment in Costa RicaTuesday, August 6, 2019 The Colombian company Patprimo invested in the opening of two stores located in Curridabat and Escazú, with an estimated investment of around $800 thousand. The South American company reported that the investment in the operation of the premises in Multiplaza Curridabat and Multiplaza Escazú totaled $800,000, and will sell clothing such as dresses, shoes, accessories, jeans, blouses, casual clothing and underwear, among other items. Commercial Sector Crisis Gets WorseTuesday, July 28, 2020 Since 2017, commercial activity in Costa Rica has been slowing down, but with the closures of businesses due to the covid-19 outbreak, between March and July of this year, sales have fallen considerably. In this context of restrictions on movement and social distancing measures, which began in March of this year, approximately 30% of shops were reported to have closed and it is estimated that just in July, sales in the commercial sector fell by 68% compared to the same month in 2019. Business and Operations Move to the CloudFriday, September 4, 2020 Given the need to understand customer behavior in the digital environment, together with the urgency for companies to promote remote work, an ideal scenario has been created for the demand for cloud services to increase exponentially. The spread of covid-19 caused a considerable change in people's habits. Remote work has become a daily routine among companies in the region, which have had to adapt to the restrictions imposed since March, when the first infections were reported. IT: Opportunities in PeruFriday, September 11, 2020 At a Latin American level, the Peruvian market is the fifth with the greatest demand for professionals in the IT area, with a deficit of 17 thousand people, being the financial sector one of the activities with the greatest need for solutions. Peru has established a financial structure made up of 16 private and 4 state-owned banks, as well as a dozen other credit profiles. New Reality: Changes in Consumption PatternsFriday, August 28, 2020 In the new business scenario consumers have increased the demand for household disinfection products, fruits, vegetables, vitamins and medicines, consumption patterns that could be maintained in the medium and long term. When the first cases of covid-19 were reported in Central America in March, the first reaction of people was to make compulsive purchases. E-commerce and the Future of PackagingFriday, January 17, 2020 Given the rise of online commerce to the detriment of traditional channels, the contact point between customers and brands is packaging, which must meet the demands of consumers, who are increasingly responsible for the environment. Studies carried out by companies that provide courier services, detail that in a context of booming e-commerce, 90% of companies believe that in the coming years packaging will be more important, in the area of sustainability and in reducing carbon emissions. New Supermarket in Costa RicaFriday, July 10, 2020 After investing $17 million, Walmart opened a new store to the public on July 10, in the canton of San Pablo, province of Heredia. This new location becomes the 14th store that the chain will operate under the Walmart format and for the operation of this supermarket, the company will hire 123 people, said the official statement. Shipping: Service Offer in Panama IncreasesTuesday, June 30, 2020 In this scenario of changing habits, the company Uber announced that in the Panamanian market it will make available to its customers a new service of sending articles, which will be called Uber Flash. For more than three months, when the first cases of covid-19 were reported in Panama, the population has been subjected to strict quarantine, which has forced companies to diversify their services. Digital Environment: Center of All InteractionsWednesday, July 8, 2020 The health crisis, quarantines and social distancing measures in Central American countries, forced individuals and companies to accelerate the adoption of new technologies, which caused the digital to become the center of all interactions. In this scenario of covid-19 propagation, companies have had to migrate to the digital at great speed. The digitalization plans that companies were planning to implement in a period of 1 to 3 years are now being implemented in a few weeks, according to an analysis called "The Digital Agenda: Opportunities for the Service Sector", prepared by the Market Intelligence Unit of the Guatemalan Export Association (Agexport). Hardware Stores Change Their Income SourcesWednesday, January 6, 2021 Because several construction projects were stopped due to the pandemic, residential remodeling work became an important source of income for hardware stores competing in the Costa Rican market. The spread of covid-19 forced the Costa Rican authorities to impose restrictions on productive activities, one of which was construction, a sector that paralyzed several investments being made in 2020. |
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