The Latin American region is growing rapidly in terms of trade and economic might. By 2050, the biggest economies will be China, USA, India, Brazil and Mexico. Brazil and Mexico are both in Latin America and the USA is close by culturally and geographically.
Many US companies are attempting to take advantage of this emerging opportunity by opening distribution centers in Latin America. Latin America is an increasingly important market for US companies. Opening a distribution center in Latin America has many benefits for companies including closer proximity to customers, lower inventory costs, lead time reduction, lower transportation costs from Asia, and easier and less restrictive customs processes.
As companies begin opening distribution centers in Latin America, they have encountered many problems including: lagging productivity, lack of supply chain expertise, security concerns, lack of transportation and infrastructure and customs issues.
But Panama does not suffer from any of these problems. From its beginning, Panama and its famous canal have focused on and specialized in trade, transportation, logistics and distribution. The Panama Canal and its perfect location make Panama a natural transportation hub. The city has invested heavily to fortify its position as Latin America's trade hub. Its infrastructure, operations, and supply chain expertise are comparable to the US in every way.
The United States and Panama have been closely linked since the US took the lead on the construction of the Panama Canal in 1904. It's perfectly situated between North America and South America. Additionally, the Panama Canal connects the Pacific and Atlantic oceans, which means it brings together the two great emerging markets – Asia and Latin America. These factors make Panama one of the most important strategic ports in the world.
Currently, 5% of the world's freight travels through the Panama Canal every day. With the recent expansion of the canal and the growth of Latin America, Panama is poised to become an even more important part of the world trade. Companies looking to open a Latin American distribution center should definitely consider Panama, the port with two oceans.
This session with expert speakers Joe Lynch & Demostenes Perez will discuss the important points you should keep in mind when you maintain your distribution and logistics centers in Panama.
This webinar will provide you an understanding of the following:
Who should attend
Joe Lynch is the founder of The Logistics of Logistics, a logistics training and consulting firm. Joe specializes in helping logistics and transportation companies grow their sales. Joe also works with manufacturers, retailers, distributors and wholesalers to select and manage their logistics providers (3PLs, broke... More info
Demostenes Perez has been the General Manager of Logistics Services Panama since 2005 and joined the company on 1998. He was born in Panama in 1972 was educated at the University of Panama in Public Administration and did a Specialization in Business Management at ADEN International Business School. Demostenes (Demo) i... More info