Tag: Castillo

Randall Castillo Ortega explains the challenges for business leaders in foreign trade

Business and trade expert Randall Castillo Ortega offers insight into the challenges international trade businesses face and how they can be overcome to keep the business flowing. San José, Costa Rica – WEBWIRE – Thursday, April 21, 2022 Authorities have intensified import and export controls and increased foreign trade fines for non-compliance and omission. International trade was severely affected by the pandemic caused by the novel coronavirus or COVID-19. It is bringing with it outcomes in many cases fatal for the business sector. Randall Castillo Ortega, an entrepreneur and global trade specialist from Costa Rica, provides insight into ... Read more

Randall Castillo Ortega explains how COVID-19 has impacted commerce in Panama

Business and trade expert Randall Castillo Ortega provides insight into how the COVID-19 pandemic continues to impact the commercial industry in Panama. San José, Costa Rica – WEBWIRE – Sunday, March 20, 2022 Over the past year, cybersecurity has evolved from systems protection to business enabler. This allows remote, secure operation with the visibility required to trust the business. All industries have been affected by the changes caused by the pandemic, including manufacturing, retail, hospitality, education, and healthcare. It is impossible to go back to how things were before the pandemic. This pandemic has had many impacts on ... Read more

Randall Castillo Ortega discusses the benefits of an ERP system to an export company

The management of export sales in a simple, efficient and automated way is another of the most outstanding functionalities of the software. Enterprise Resource Planning (ERP) systems simplify the internal processes of the companies where they operate, facilitating users the work inherent in their positions having great benefits. They offer a lot of benefits for maintaining smooth operations. Randall Castillo Ortega, an entrepreneur and import/export specialist, explains what those benefits are for an export company. Incorporating an ERP solution in the company allows for the traceability of the complete management. This type of software, particularly for exporting companies, makes it ... Read more

Randall Castillo Ortega discusses how global trade is rebounding from COVID-19

is expected to be a year of strong rebound in the region, with 7.2% year-on-year growth in exports and 19.9% in imports. The strong recovery in external purchases in South America (the third region with the highest increase behind Asia and North America) reflects a rebound from the recession experienced by some of its main economies in 2019, according to the WTO. The high annual growth rate of merchandise trade volume recorded in 2021 mainly reflects the sudden decline of the previous year, which bottomed out in the second quarter of 2020. According to a survey by the multinational Harvey ... Read more

Randall Castillo Ortega discusses management control in foreign trade operations

Even the evolution in the application of technology has grown, and we could even remember how the customs clearance of goods has evolved. Today, it is an electronic customs clearance, without papers, everything is through interfaces, this streamlines processes and reduces time and risks. There are a number of actors involved in foreign trade operations – buyers, importers, suppliers, exporters, carriers, shipping companies, customs agents, cargo companies, warehouses, terminals, insurers and more. Each of these represents a link in the logistics chain, and each plays an important role. Randall Castillo Ortega, an expert in import and export operations, provides insight ... Read more