Retail Industry Leader Association

U.S. retailers eye Panama as gateway to Latin America

Factors: Lower  freight rates
and labor cost. Factores: Fletes cuestan menos
y la mano de obra es barata.

Panama outperforms major US cities as a distribution center for retailers in their international expansion for several factors, ranging from freight rates, which are lower, to the cost of human resources. Nelson Cabrera, director of new business of Lilly Associates, a logistics provider based in Miami, said that Panama offers many advantages to be the distribution center of US retailers because of its proximity to the Caribbean, Central and South America. Freight rates are much […]

Jamaica ahead in race to be logistics hub of the Americas

Gordon Wilmsemeir.

The race to be the logistics hub of the Americas has already begun with the addition of Jamaica that has revealed its intention to position the island as the rival of Singapore. A similar situation is raking place with the Dominican Republic, while in Panama there is still a debate on the need for a long-term strategy that includes where to locate logistics parks. In a note published in Lloyd’s List it has been reported […]