ComplianceOnline

Panama: The Port with Two Oceans - 10 Reasons Panama Should be Your Latin American Distribution Center

Instructor: Joe Lynch
Product ID: 704794
  • Duration: 60 Min

recorded version

$199.00
1x Person - Unlimited viewing for 6 Months
(For multiple locations contact Customer Care)
Recorded Link and Ref. material will be available in My CO Section

Training CD

$349.00
One CD is for usage in one location only.
(For multiple locations contact Customer Care)
CD and Ref. material will be shipped within 15 business days

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This training program will discuss why US companies are opening distribution centers in Latin America. It will review typical problems encountered with Latin American distribution centers and offer an understanding of why Panama is one of the best locations for a distribution center.

Why Should You Attend:

The Latin American region is growing rapidly in terms of trade and economic might. By 2050, the biggest economies will be China, USA, India, Brazil and Mexico. Brazil and Mexico are both in Latin America and the USA is close by culturally and geographically.

Many US companies are attempting to take advantage of this emerging opportunity by opening distribution centers in Latin America. As companies begin opening distribution centers in Latin America, they have encountered many problems including: lagging productivity, lack of supply chain expertise, security concerns, lack of transportation and infrastructure and customs issues.

Panama does not suffer from any of these problems. This webinar will be helpful to anyone who works with the Latin America region, especially people working in logistics, distribution, transportation or supply chain. This webinar will be especially helpful to anyone who is considering opening a distribution center in Latin America.

Learning Objectives:

  • An understanding of why Latin America is an important market for US companies.
  • A discussion of why US companies are opening distribution centers in Latin America.
  • A review of typical problems encountered with Latin American distribution centers.
  • A recognition of why Panama is one of the best locations for a distribution center.
  • Significance of the Panama Canal to trade in the America (past, present and future).

Areas Covered in the Webinar:

  • Why should a US company open a distribution center (DC) in Latin America?
  • What are the typical problems US companies encounter when locating a DC in Latin America?
  • What are the advantages of opening a distribution center in Latin America?
  • Why is Panama the best location for a Latin American distribution center?
  • What is the history of Panama and US relations - the Panama Canal construction?

Who Will Benefit:

  • Exporters
  • Freight Forwarders
  • Customer Brokers
  • Importers
  • US and Global Trade Compliance Professionals
  • US Export Professionals
  • Supply Chain Professionals
  • Exporting Carriers
  • Consolidators
  • Global Logistics Professionals
  • Manufacturers
  • Suppliers
  • International Sales Professionals
  • Business Development Professionals
  • Manufacturers seeking to export their products to Central America

Instructor Profile:

Joe Lynch is the founder of The Logistics of Logistics, a logistics training and consulting firm. He specializes in helping logistics and transportation companies grow their sales. He also works with manufacturers, retailers, distributors and wholesalers to select and manage their logistics providers (3PLs, brokers, carriers, etc.).

His significant experience in logistics and supply chain has given him a unique perspective of the challenges and opportunities facing companies that outsource some or all of their transportation and logistics functions.

Mr. Lynch is a frequent speaker and presenter at industry conferences. He also conducts dozens of webinars every year. Some of his recent topics include: inbound logistics, automotive logistics, 3PL selection and implementation, service level agreements, managing with key performance indicators, 3PL sales strategy, shipping to/from Mexico, Food Safety, Latin America SC and LTL trends.

Topic Background:

Latin America is an increasingly important market for US companies. Opening a distribution center in Latin America has many benefits for companies including closer proximity to customers, lower inventory costs, lead time reduction, lower transportation costs from Asia, easier and less restrictive customs processes.

From its beginning, Panama has been focused on trade, distribution, transportation and logistics. The Panama Canal and its perfect location makes Panama a natural transportation hub. Panama has invested heavily to fortify its position as Latin America’s trade hub. Companies looking to open a Latin American distribution center should definitely consider Panama, the port with two oceans.

From its beginning, Panama and its famous canal have specialized in trade, transportation, logistics and distribution. Panama’s infrastructure, operations, and supply chain expertise are comparable to the US in every way.

The United States and Panama have been closely linked since the US took the lead on the construction of the Panama Canal in 1904. Panama has the perfect location situated between North America and South America. Additionally, the Panama Canal connects the Pacific and Atlantic oceans, which means it brings together the two great emerging markets – Asia and Latin America. These factors make Panama one of the most important strategic ports in the world.

Currently, 5% of the world’s freight travels through the Panama Canal every day. With the recent expansion of the canal and the growth of Latin America, Panama is poised to become an even more important part of the world trade.

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