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.
Africa is split into 5 economic regions, each with different expectations for growth and specific conditions for building infrastructure, necessary for developing a competitive logistics sector.
The maritime industry has always been considered as a pillar of international trade since the times of ancient civilizations because it makes it possible to buy and sell goods and transport people.
With over 50,000 merchant ships from 150 countries, it is currently one of the most globalized industries in the world in terms of ownership and operations.
Solistica integrated Colombia’s renowned logistics company Operaciones Nacionales de Mercadeo (Open Market) in 2016, looking to expand its network in Latin America.
Increased trust in Asian markets, greater consumption of goods, and new trade agreements have led to greater investment – particularly in Southeast Asia – resulting in an expansion of the region’s logistics sector.
Things to consider when choosing the best transportation type for your commercial route [Infographics]
When choosing the best means of transport for your merchandise, be it by land, sea, air, rail, or multi-modal, companies must consider several elements that may have an impact on their budgets, goals, and logistics processes.
Customs duties are taxes paid on imports and exports classified according to an international categorization system.
Despite the progress made in the trade integration of Latin America there is still a lag, when compared to Asia and Europe, that will be overcome only with the collaboration of both the public and private sectors.
Even though creating an exports plan does not guarantee the success of an international effort, it does help make the processes to achieve said success more efficient.
Facing the changes promised by NAFTA’s renegotiation, it is important for us to foresee the impact this will have on the supply chain so we can plan the actions the logistics sector must carry out to adapt to these changes.
If your company is planning to grow and export to foreign markets, a 3PL partner becomes essential for carrying out the logistics processes inherent to distributing your products abroad.