Panama is already a leading player in world logistics, and most of its assets "provide excellent results individually, but lack a collective sense."
There is a lack of performance as a team. Connection among railways, roads and port system has not been completed and there is lack of integration between Tocumen Airport and the Colon Free Zone.
"The interruption during the connecting process creates bottlenecks which delay delivery of goods" noted an article in Martesfinanciero.com, "The master program in engineering and management in supply chain by Universidad Latina and Tecnológica de Panamá, in partnership with the University of Georgia Tech and Senacyt, could be the standard to follow if successful."
It also points out the opportunity in offering logistic services tailored to the needs of neighboring economies, considering that so far the main customer for the Panama Canal is the U.S.
Industry representatives stressed the need to "adopt technologies and invest in training in order to turn Panama into an efficient and world class logistics platform ."
During the 49th edition of the Annual Conference of Executives (CADE) 2015 the participants emphasized the need to strengthen the National Customs Authority with trained and well-paid human resources, in order to reduce the time spent on customs clearance because of lack of automation of information and personnel that manage it.
The homogenization of logistics processes in the isthmus under "a regional vision" would improve competitiveness and increase trade volumes.
Central America could improve its competitiveness and increase trade volumes with the unification of criteria for logistics processes under "a regional vision," said an expert from the International Finance Corporation (IFC).
Technical studies are to be carried out to determine the feasibility of building an intermodal 'dry canal' between Puerto Armuelles, in the Pacific, and a complementary port in Bocas del Toro, in the Atlantic.
The Panama Maritime Authority has announced that it will be focusing first on the study to determine the most feasible business model for the project.
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