{"id":9237,"date":"2021-11-26T20:19:57","date_gmt":"2021-11-26T20:19:57","guid":{"rendered":"https:\/\/asia-ibs.com\/v2\/port-congestion-threatens-el-buen-fin\/"},"modified":"2021-11-26T20:19:57","modified_gmt":"2021-11-26T20:19:57","slug":"port-congestion-threatens-el-buen-fin","status":"publish","type":"post","link":"https:\/\/asia-ibs.com\/en\/port-congestion-threatens-el-buen-fin\/","title":{"rendered":"Port Congestion Threatens El Buen Fin"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">The Manzanillo terminal is operating without sufficient staff and handling greater demand than expected, says Fernando Ruiz.<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Congestion at the country&#8217;s&nbsp;<strong>maritime terminals&nbsp;<\/strong>for unloading goods could cause delays in the arrival of products for&nbsp;<strong>El Buen Fin<\/strong>, Mexico&#8217;s nationwide shopping weekend to be held November 10-16 this year, warned&nbsp;<strong>Fernando Ruiz Huarte<\/strong>, director general of the&nbsp;<strong>Mexican Business Council for Foreign Trade, Investment and Technology (Comce).<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In an interview with El Sol de M\u00e9xico, the business leader noted that the <strong>congestion<\/strong> is concentrated at the port of Manzanillo, which receives <strong>47 percent of the cargo<\/strong> arriving in the country, where unloading vessels has gone from eight to as many as 20 days.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-style-large is-layout-flow wp-block-quote-is-layout-flow\"><p>&#8220;The (<strong>Covid<\/strong>) issue is starting to get resolved and there is a rebound; more containers are arriving than expected and this creates that problem at the<strong> ports<\/strong>, basically those on the <strong>Pacific<\/strong>, where cargo from all the Asian countries comes in,&#8221; he said.<\/p><\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">In addition, Ruiz Huarte commented that the shipping lines arriving at Mexico&#8217;s Pacific ports generally call at both ports on that coast, that is,&nbsp;<strong>Manzanillo and L\u00e1zaro C\u00e1rdenas<\/strong>, in Michoac\u00e1n, a port that could relieve the saturation at the&nbsp;<strong>port in Colima.<\/strong><\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-style-large is-layout-flow wp-block-quote-is-layout-flow\"><p>&#8220;L\u00e1zaro C\u00e1rdenas is not congested; the problem<strong> L\u00e1zaro C\u00e1rdenas<\/strong> has is the railroad \u2014 the line is blocked and for that reason it is not a solution at this time. That contributed to the<strong> congestion at Manzanillo<\/strong>, because a lot of cargo moved from <strong>L\u00e1zaro to Manzanillo<\/strong> because the train is at a standstill,&#8221; he said.<\/p><\/blockquote>\n\n\n\n<blockquote class=\"wp-block-quote is-style-large is-layout-flow wp-block-quote-is-layout-flow\"><p>&#8220;So these effects could indeed mean that some products are not on the shelf for El Buen Fin,&#8221; he asserted.<\/p><\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>The business leader<\/strong>&nbsp;added that another factor working against companies ahead of &#8220;the cheapest weekend of the year&#8221; is the rising cost of freight.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to <strong>Comce<\/strong> data, the cost of transporting goods quadrupled in value, going from <strong>4,000 dollars to as much as 16,000 dollars<\/strong> for each container leaving China for the American continent.<\/p>\n\n\n\n<div class=\"wp-block-image is-style-default\"><figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/www.elsoldemexico.com.mx\/finanzas\/7bpnsp-contenedores-puerto-manzanillo.jpg\/alternates\/FREE_720\/Contenedores%20puerto%20Manzanillo.jpg\" alt=\"\" \/><\/figure><\/div>\n\n\n\n<blockquote class=\"wp-block-quote is-style-large is-layout-flow wp-block-quote-is-layout-flow\"><p>&#8220;And there is no sign they will come down in the short term, among other reasons because the pandemic created a shortage of containers,&#8221; he added.<\/p><\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>FOREIGN TRADE WILL REBOUND THIS YEAR<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The director of&nbsp;<strong>Comce<\/strong>&nbsp;stated at a press conference that by the end of 2021, Mexican exports will surpass pre-pandemic 2019 levels, driven mainly by the&nbsp;<strong>manufacturing sector.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">By the close of this year, the executive projected that the country&#8217;s exports will reach&nbsp;<strong>465 billion dollars<\/strong>, an increase of&nbsp;<strong>5 billion<\/strong>&nbsp;compared with the close of two years ago.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In August, he recalled, shipments of goods abroad reached&nbsp;<strong>40.313 billion dollars,<\/strong>&nbsp;a drop of two percent from the previous month.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, in the first eight months of the year, exports totaled<strong>&nbsp;317.3 billion dollars,<\/strong>&nbsp;an annual increase of<strong>&nbsp;24.3 percent.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">He added that manufacturing sales lead exports with&nbsp;<strong>88 percent<\/strong>&nbsp;of the volume.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The sector&#8217;s growth comes even though the <strong>automotive industry<\/strong> dipped slightly due to the chip shortage, &#8220;which did not arrive on time and forced the<strong> (assembly) plants<\/strong> to implement technical stoppages, and this is what caused the reduction in our country&#8217;s total exports.&#8221;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In the meeting with the&nbsp;<strong>media<\/strong>, Ruiz Huarte elaborated that if chip demand does not recover or adequate mechanisms are not found to supply domestic demand, it could indeed put the year-end targets at risk, as could a resurgence of the&nbsp;<strong>Covid pandemic&nbsp;<\/strong>worldwide.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The director of&nbsp;<strong>Comce<\/strong>&nbsp;stated that another strategic export sector is the<strong>&nbsp;agri-food industry<\/strong>, although it accounts for only&nbsp;<strong>4.1 percent&nbsp;<\/strong>of total shipments abroad. With reporting by Jacob S\u00e1nchez<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Source: <a href=\"https:\/\/www.elsoldemexico.com.mx\/finanzas\/saturacion-en-puertos-amenaza-el-buen-fin-7277386.html\">El Sol de M\u00e9xico<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Manzanillo terminal is operating without sufficient staff and handling greater demand than expected, says Fernando Ruiz. Congestion at the country&#8217;s&nbsp;maritime terminals&nbsp;for unloading goods could cause delays in the arrival of products for&nbsp;El Buen Fin, Mexico&#8217;s nationwide shopping weekend to be held November 10-16 this year, warned&nbsp;Fernando Ruiz Huarte, director general of the&nbsp;Mexican Business Council [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":8442,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[50,53],"tags":[],"class_list":["post-9237","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economia","category-social"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Port Congestion Threatens El Buen Fin - ASIA IBS<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/asia-ibs.com\/en\/port-congestion-threatens-el-buen-fin\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Port Congestion Threatens El Buen Fin - ASIA IBS\" \/>\n<meta property=\"og:description\" content=\"The Manzanillo terminal is operating without sufficient staff and handling greater demand than expected, says Fernando Ruiz. Congestion at the country&#8217;s&nbsp;maritime terminals&nbsp;for unloading goods could cause delays in the arrival of products for&nbsp;El Buen Fin, Mexico&#8217;s nationwide shopping weekend to be held November 10-16 this year, warned&nbsp;Fernando Ruiz Huarte, director general of the&nbsp;Mexican Business Council [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/asia-ibs.com\/en\/port-congestion-threatens-el-buen-fin\/\" \/>\n<meta property=\"og:site_name\" content=\"ASIA IBS\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-26T20:19:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.elsoldemexico.com.mx\/finanzas\/7bpnsp-contenedores-puerto-manzanillo.jpg\/alternates\/FREE_720\/Contenedores%20puerto%20Manzanillo.jpg\" \/>\n<meta name=\"author\" content=\"Pamela Rosas\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Pamela Rosas\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/asia-ibs.com\\\/en\\\/port-congestion-threatens-el-buen-fin\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/asia-ibs.com\\\/en\\\/port-congestion-threatens-el-buen-fin\\\/\"},\"author\":{\"name\":\"Pamela Rosas\",\"@id\":\"https:\\\/\\\/asia-ibs.com\\\/en\\\/#\\\/schema\\\/person\\\/b18c5d9bc4e625f5ea1a24a021b51b39\"},\"headline\":\"Port Congestion Threatens El Buen Fin\",\"datePublished\":\"2021-11-26T20:19:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/asia-ibs.com\\\/en\\\/port-congestion-threatens-el-buen-fin\\\/\"},\"wordCount\":634,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/asia-ibs.com\\\/en\\\/port-congestion-threatens-el-buen-fin\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/asia-ibs.com\\\/v2\\\/wp-content\\\/uploads\\\/2021\\\/11\\\/puerto.jpeg\",\"articleSection\":[\"Econom\u00eda\",\"Social\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/asia-ibs.com\\\/en\\\/port-congestion-threatens-el-buen-fin\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/asia-ibs.com\\\/en\\\/port-congestion-threatens-el-buen-fin\\\/\",\"url\":\"https:\\\/\\\/asia-ibs.com\\\/en\\\/port-congestion-threatens-el-buen-fin\\\/\",\"name\":\"Port Congestion Threatens El Buen Fin - 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