The United States is set to grab the first and biggest chunk of unfilled extra Asian demand for shipped gas between now and 2025 with help from a widened Panama Canal and prices that rivals could struggle to match.
The Panama Canal Authority, or ACP, says the $5.2bn widening of the Panama Canal is more than 60 percent complete. The first four of 16 gates for the canal's third set of locks marked a construction milestone. Locks are nearly 50 percent finished; concrete work is two-thirds done; and water-saving basins are about 40 percent complete.
Italika, the top-selling brand of motorcycle in Mexico, improves on-time delivery of parts sourced from China by changing port-to-port ocean routing and land transportation.
The balance of world economic growth is tipping in another direction. Just as economists have begun lowering their forecasts for China and many other developing economies, the American economy is bouncing back. Japan appears to have turned a corner and is ending almost two decades of grinding deflation. Economic data out of Europe on Wednesday provided the first solid indication that many countries in the euro zone may be escaping the clutches of recession.
Third-party logistics companies with experience in Mexico and strong partnerships with leading Mexican carriers and customs brokers can make cross-border shipping a truly seamless activity, says Dennis McCaffrey of XPO Logistics.
A new reform-minded government, a stable economy and sound infrastructure are among the factors combining to make Mexico a good market for logistics operations, says Eric Markeset, who is based in Mexico City as principal of consulting firm Tsol.
As the global economic landscape evolves and shifts, companies seek out new sourcing locations and growth opportunities in worldwide markets. Global expansion brings about new supply chain challenges and complexity that can vary by market and country. In North America, companies are looking for closer sourcing locations, greater efficiency, and opportunities to grow their export business. Latin America, due to its proximity, emerging market growth, and attractive free-trade agreements (FTA), as well as preferential agreements with the U.S. has made it a desirable trade region.
