For as long as we lack the answers on how big the financial loss and how long the pandemic will last, it will be impossible to fully gauge the impact of COVID-19 on the global economy and international trade.
According to Americas Market Intelligence, these are some of the opportunities arising for logistics from the crises caused by the Covid-19 pandemic.
The growth of the coronavirus pandemic has crated major changes in consumer habits, which has also led to interruptions in all the supply chains.
As the coronavirus pandemic grows, companies throughout the world have increased their response capabilities and have taken extraordinary measures to deliver their products and meet the new consumer habits.
The coronavirus pandemic is creating havoc in the world’s health systems and economies forcing millions of companies to shut down, especially those which raw materials or finished products come from China.
The countries assessed by PERLOG’s first stage were Bolivia, Colombia, Ecuador, Mexico, Panama, Paraguay, Peru, and Uruguay. The expectation is for this analysis to cover the totality of countries in Latin America and the Caribbean in the next few years.
The priority for manufacturers and wholesalers these days should be focusing on digital transformation and embracing technology to help improve their efficiency in the short- and long-terms and be more competitive in the market.
It is a fact: we have entered a new era. It is not enough anymore to have systems connecting with each other and with the world at large. To keep up with this decade, companies must use technological solutions that provide information, improve the processes, and give better results.
By 2020, the manufacturing of car parts is expected to reach a value of 100 Billion dollars, placing Mexico as the 4th manufacturer of car parts globally. In addition, Mexico is expecting the arrival of more suppliers for this sector.
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The manufacturing of auto parts accounts for half of the automotive industry’s production in Mexico. Therefore, companies aim to continuously improve their execution and warehousing processes so they can guarantee profitable operations.
