Supply Chain Strategy. 3.1.1 SZC Co shall implement or procure the implementation of the measures described in the Supply Chain Strategy with effect from Commencement until the end of the Construction Period.
Supply Chain Strategy. The supply chain strategy of this industry has been affected by a rise in construction materials. In Panama, cement prices increased between 11% and 12% from the first of January, and other materials are also rising with the construction boom and the arrival of the dry season. The country’s hardware stores have begun to record price increases in many of its products. In the case of gray cement, for example, “the companies Cemento Panama and Cemex announced that as of January 1 their products would increase by 11% and 12% respectively and the market is reflecting these adjustments” said Xxxxxxx Xxxxxxxx, the sales manager of the hardware store Super Materiales. Since October 2012, most building materials began to reflect significant increases (xxxx://xx.xxxxxxxxxxxxxxxxxx.xxx/en/tsearch?q=Panama%20Super%20Materiales). In addition to this, in the first six months of 2012, building permits issued amounted to projects worth $832.8 million, 35.8% more than the same period of 2011. According to information from the Comptroller General of the Republic, the district of Panama leads with $562.5 million, representing 67.5%. One area of growth that seems to be constant is in the area of lower cost housing in the growing suburbs of Panama. The growth in the construction sector has been influenced by retiring baby boomers from the U.S., as well as immigrants from South America and Europe. Because Panama has some of the lowest interest rates in Latin America, the Government of Panama is promoting home purchase financing. Middle class Panamanians can borrow against a home purchase for up to 30 years at rates as low as 5%. Consequently, there is a building boom in the outside suburbs of the Panama metro area, where new malls are providing anchors. A growing demand exists for after- construction building products used for improving, decorating or modifying existing buildings. U.S. building materials are well received because of their quality and competitive price. U.S. products in this sector have a market share of over 60%. Major competitors are Taiwan, Italy and Spain. There are no significant restrictions on imported products. Housing projects, construction of new hotels in Panama City, and infrastructure projects will continue promoting a strong demand for building materials. In terms of Panama’s most important construction projects, the Panama Canal has reached several milestones. Beginning in 2013, the Expansion Program has completed several projects. Dredging of the...
Supply Chain Strategy. The majority of computers, parts and telecommunications equipments and services entering the country come from the United States.
Supply Chain Strategy
