January 6, 2021
Foreign Trade
Logistics and Infrastructure

Foreign Trade Logistics Barometer records positive expectations for the sector in 2021

Foreign Trade Logistics Barometer records positive expectations for the sector in 2021
Based on survey results, corporate representatives hold an overall positive outlook for the foreign trade sector for 2021. Over 50% of exporters and importers gave foreign trade processes a rating of 5 on a scale of 1 to 7.

Transport and Telecommunications Minister Gloria Hutt presented the results of the Foreign Trade Logistics Barometer. This survey of more than 530 logistics operators, importers and exporters has been designed to monitor changes in the state of the sector.

Based on the data, corporate representatives hold an overall positive outlook for the foreign trade sector for 2021. Over 50% of exporters and importers gave foreign trade processes a rating of 5 on a scale of 1 to 7. Only 5% gave a rating of less than 4.

“One result shown by the Barometer is that importers and exporters have a positive view of activity during the first half of 2020, in spite of the difficulties posed by the pandemic. Furthermore, there are high expectations for the sector in 2021 because logistics operators, importers and exporters are forecasting that it will be better than the previous year. This is in keeping with the recovery in economic activity we are currently experiencing,” said the Minister.

The Barometer also indicated major difficulties experienced in 2020. These included delays in some shipments due to strikes or work stoppages (31%) and delays in shipments due to cargo inspections (18%).

It also revealed a gap in coordination among information systems that would make these processes more efficient: 44% of companies do not have information systems that are integrated with other organizations, which would allow for online data transmission.

In 2020, the survey for the Foreign Trade Logistics Barometer was redesigned in order to obtain more representative results, thereby achieving the participation of more than 530 exporters, importers and logistical operators working in international trade.

New online logistics observatory platform

Minister Hutt took the opportunity to introduce the new Logistics Observatory website (observatoriologistico.cl). This key platform will provide information on the sector that will assist public sector entities, private companies and research endeavors.

Also participating in this virtual event was the Head of Technological Capabilities at Chile’s Economic Development Agency, CORFO, Fernando Hentzschel, the Director of the Millennium Institute Foundational Research on Data, Marcelo Arenas, and the co-founder and CEO of SimpliRoute, Álvaro Echeverría.

“In 2011, we began studying how to design a system that could process and publish data and indicators from primarily public sources. Today we have a robust and useful tool for everyone in the field of logistics. Now we need to take it a step further, to actively involve the private sector for the purpose of having more and better information, as well as to involve academia, which could develop methodologies and conduct applied research derived from this information,” said the Transport and Telecommunications Minister.

Referring to the initiatives introduced throughout the day, Fernando Hentzschel from Corfo stated that “they are an example of the type of public goods that we seek to develop. That is why we are supporting the Transport and Telecommunication Ministry with the creation of a new institution - Conecta Logística - which will facilitate public-private and academic coordination, helping to close gaps within the sector so as to position Chile among the ten countries with the best logistics performance in the world.”