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 trends for the logistics industry during this decade are linked to the growth of commerce and economies and focus on implementing technologies such as artificial intelligence and the internet of things to understand the preferences of clients and avoid stock gaps.
The way we do business is changing. We are living in an “age of customers”, where the most successful companies are those that understand their target audience better and design experiences aligned with its needs.
Latin America’s Development Bank – previously known as Corporación Andina de Fomento— supports the region’s countries in developing projects related to their domestic logistics systems. This is how the Regional Logistics’ Development Program for Latin America (CAF-LOGRA, for its acronym in Spanish) came to be. This program aims to identify, analyze, promote, carry out, and advance projects that contribute to the competitive performance and development of these systems.
Green logistics, also known as environmental logistics, refers to the sustainable policies and measures focusing on lowering the impact logistics has on the environment. This includes the configuration of processes, structures, systems, and equipment used in the transportation, distribution, and warehousing of goods.
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.
The auto industry continues growing throughout Latin America, and the car parts market along with it. 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.
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.
If logistics is different for every type of industry, the one focusing on healthcare is, perhaps, the most fragile and critical.