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Latin American Logistics and Cargo Transport |
| | Transportation & Logistics | | |
Author: John Price
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What is the largest non-food industry in Latin America? Surprisingly, the answer is logistics and transportation — the movement and storage of goods. Somewhere between 10% and 12% of GDP is spent on L&T (logistics & transportation). The industry is proportionately larger than its US counterpart, which accounts for some 7-to-8% of GDP. The difference is explained more by Latin American inefficiency than by a more aggressive investment strategy.
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