The cost of shipping goods has risen rapidly during the past 18 months. The average freight rate of US imports, based on cargo value, has gained a full percentage point relative to pre-pandemic levels (see Figure 1). The average freight cost of a global 40-foot container has increased more than five times since the pandemic started, with routes such as Shanghai-to-Los … [Read more...] about Why Are Shipping Costs Increasing? What US Import Data Tell Us
Only 14% of firms in Latin America and the Caribbean (LAC) belong to women, and they hold just 15% of management positions. These are some of the findings of a new IDB Group study that reveals the extent of gender inequality in companies in the region and offers recommendations to achieve greater … [Read more...] about How can we increase gender equality in Latin America and the Caribbean firms?
Customs authorities in Latin America and the Caribbean (LAC) can leverage new technologies and innovations to boost their digital transformation and streamline foreign trade logistics. This, in turn, can help improve competitiveness and bolster the countries´ economic growth. The pandemic highlighted the importance of trade and … [Read more...] about The pandemic as an opportunity for digital transformation in customs
Trade is a major opportunity to improve the living conditions of thousands of women in Latin America There is no question that foreign trade is beneficial for Latin America and the Caribbean (LAC). It generates economic growth and employment and improves wages, as the IDB study Trading Promises for Results concludes. It also promotes innovation, productivity increases, … [Read more...] about The gender gap: trade Tetris in Latin America
The pandemic is predicted to have a significant negative impact on international trade. According to WTO projections, Latin America and the Caribbean’s exports and imports are expected to experience a pronounced decrease this year, reaching at least 13% and 22% respectively --in line with the estimates for the world. Available aggregate data confirm that the region’s trade … [Read more...] about Trade in the Time of Pandemic: How COVID-19 has impacted firms in 6 Latin American countries