Randall Castillo Ortega highlights social and commercial trends in logistics for 2022
The trend in the last decade has been the emergence and consolidation of large global eCommerce platforms with millions of users connecting sellers with buyers. The growth of Apple, Facebook, Google, Microsoft, Alibaba, Baidu and Tencent made them essential to the daily lives of digital platform users. These large corporations offer free access, social platforms […]
Randall Castillo Ortega discusses the benefits of an ERP system to an export company
Enterprise Resource Planning (ERP) systems simplify the internal processes of the companies where they operate, facilitating users the work inherent in their positions having great benefits. They offer a lot of benefits for maintaining smooth operations. Randall Castillo Ortega, an entrepreneur and import/export specialist, explains what those benefits are for an export company. Incorporating an […]
Randall Castillo Ortega discusses how global trade is rebounding from COVID-19
World trade has already exceeded its pre-pandemic level and is growing faster than expected. The World Trade Organization (WTO) said in a report in which it also revised upwards its trade projections for 2022. This is good news for import and export companies in Central America. Randall Castillo Ortega, an entrepreneur and expert in international […]
Randall Castillo Ortega discusses trade trends that will impact the world through 2022
Keeping up to date on market trends is not easy. However, it is important to recognize that the industry is constantly changing and, in order to stay ahead of the curve and prevent competitors from outstepping us, we must move forward over time and plan for the long term. Randall Castillo Ortega, an entrepreneur and […]
Randall Castillo Ortego leads development of Panama’s Colon Free Zone through BridgeMarkets
A platform to digitize and promote online trade of the businesses of the Colon Free Zone (CFZ) is now in place. A national and international showcase was created to accelerate the economic reactivation, and recently began its phase of operations. BridgeMarkets has about 12 companies on its board and expects to continue its expansion in […]
Randall Castillo Ortega discusses management control in foreign trade operations
There are a number of actors involved in foreign trade operations – buyers, importers, suppliers, exporters, carriers, shipping companies, customs agents, cargo companies, warehouses, terminals, insurers and more. Each of these represents a link in the logistics chain, and each plays an important role. Randall Castillo Ortega, an expert in import and export operations, provides […]
Randall Castillo Ortega discusses the most common traits shared by successful exporters
Even though there are books and e-books that can teach you how to become a successful exporter, most of those available are intended for commercial atmospheres that are different from those you receive from an experienced entrepreneur. The best way to learn about the export business is to learn from experienced exporters who have been […]
Randall Castillo Ortega discusses the role of AI in the supply chain of an export company
In supply chains, artificial intelligence (AI) revolutionizes its operation by predicting possible scenarios and generating key information to obtain optimal operation, which allows the company to meet current consumption needs. Import and export businesses can completely embrace AI to improve their supply chain operations. Randall Castillo Ortega, an expert in importing and exporting, explains the […]
Randall Castillo Ortega discusses how the import/export business is recovering from COVID-19
The recovery of world trade following the COVID-19 crisis reached its highest level in the first quarter of 2021, with a 10% increase over the same quarter in 2020 and a 4% increase over the last quarter of last year, according to a recent update by the United Nations Conference on Trade and Development (UNCTAD). […]
Randall Castillo Ortega explains how to prepare a domestic business for international exportation
There are many challenges to overcome when opening up foreign markets for small businesses. Despite this, thanks to technology and the Internet, it is possible for any company to open markets abroad even if its marketing budget is modest. In fact, one of the most effective ways to cross borders is the simplest of all: […]