Cuba's Logistics Stock Rises
- Author:on line
- Source:on line
- Release Date:2015-11-28
Cuba's Logistics Stock Rises
How will Cuba leverage improving diplomatic relations with the United States to spur economic development? The communist country has a population of 11 million people—one quarter live below the poverty line—and its proximate position between Florida and Panama makes it an ideal distribution hub for the Americas. From a labor and location perspective, Cuba has the requisite resources to become an attractive place to do business.
How will Cuba leverage improving diplomatic relations with the United States to spur economic development? The communist country has a population of 11 million people—one quarter live below the poverty line—and its proximate position between Florida and Panama makes it an ideal distribution hub for the Americas. From a labor and location perspective, Cuba has the requisite resources to become an attractive place to do business.
Now a third piece—logistics infrastructure—is beginning to materialize. Talk of transforming Cuba's Port Mariel into a regional transhippment hub received a shot of credibility when CMA CGM announced that it will operate a logistics platform at the port in cooperation with Cuban logistics company AUSA. The French steamship line has been active in Cuba since 2000, and is one of only three carriers that currently serve the country.