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.
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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).
This center will be inaugurated on August 20th with three business roundtables.
The new TIP Center in Costa Rica is the latest addition to a network of centers around the world established by the Georgia Institute of Technology (Georgia Tech) that utilize research, innovation, and education.
Georgia Institute of Technology will open a center for education in Costa Ria for the management of warehouses and logistics.
Georgia Tech Trade Chain Innovation and Productivity Center is designed for teaching alumni and company executives about bettering supply chains and logistics.
The logistics industry fair will feature 180 companies, 30 more than in the previous edition.
The lecture event will include the participation of Porfirio Lobo Sosa, President of Honduras, and Jorge Luis Quijano, administrator of the Panama Canal Authority.
Irvirng Halman, President of the Chamber of Commerce of Panama, the entity that is organizing the activity, told Prensa.com that "the consolidation of Panama as a logistics center is based on the effectiveness of maritime, air and land routes centered around the Canal, which together with the banking center, interact as a multimodal platform of the Americas. "