Displaying items by tag: supply chain

Global supply chains are the fundamental basis of world economic development; they seek, through a complex and organized structure, the growth of production and trade of productive activities. In the member countries of the Organization for Economic Cooperation and Development (OECD), the logistics sector represents an average of 10% of GDP. According to the Economic Commission for Latin America and the Caribbean (ECLAC), in Latin America alone, the direct contribution to GDP averages 7.5% and generates direct formal and informal jobs of around 6.4%.

According to an analysis by the media outlet Mundo Marítimo supply chains around the world are recovering almost as fast as they broke. However, that doesn't mean the pressure they put on inflation will disappear just as quickly.