Arlington, VA - In February the Retail Industry leaders Association (RILA) participated in an exclusive three day trip to Panama with a group of retail executives from America’s largest and most successful retailers to better understand Panama’s role as the logistics and transportation hub of the Americas. Today RILA is sharing some of the key takeaways that came out of this very worthwhile expedition.
- The trip included meetings with key government officials and business leaders, including Panamanian Vice Minister of Foreign Trade, José Domingo Arias. Retailers saw some of the Panama’s latest innovations in logistics at the Manzanillo International Terminal Port, Balboa Port, Colon Free Trade Zone, Panamá Pacífico International Business Park and the existing Panama Canal Authority expansion site.
- Panama is poised to expand its role as an epicenter of goods movement in the Americas. Through the enormous investment of the new third channel, the industry-friendly initiatives and future sourcing opportunities, the new logistics opportunities in Panama hold great promise for the region, the retail industry and the global sourcing landscape.
- Casey Chroust, executive vice president of retail operations, RILA
“The trip was a great success and offered valuable insight for retailers on the various developments in Panama that can aid them in their international logistics operations.”
“Looking ahead, these advancements will give retailers much to consider as they look at the strategic benefits and different sourcing elements the Panama region can provide.”
“We, at RILA, would like to thank the Panama Canal Port Authority and Panama Canal Authority CEO Alberto Aleman Zubieta and his staff. Retailers walked away from this trip with a number of valuable takeaways, and we look forward to returning in the near future for an additional look at the progress in Panama.”
Retail Industry Leaders Association, RILA, Panama, Panama Canal Authority, Logistics
RILA is the trade association of the world’s largest and most innovative retail companies. RILA members include more than 200 retailers, product manufacturers, and service suppliers, which together account for more than $1.5 trillion in annual sales, millions of American jobs and operate more than 100,000 stores, manufacturing facilities and distribution centers domestically and abroad.
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Chrissa Benson, RILA, 703.841.2063, Chrissa.email@example.com