Tech Trade Chain Innovation & Productivity Center to open in Costa Rica
The Georgia Institute of Technology will open Georgia Tech Trade Chain Innovation and Productivity Center at San Jose in Costa Rica to help the companies market their products in a faster and more efficient manner thus improving foreign trade.
The executive director of Tech’s Supply Chain & Logistics Institute said that the center will make arrangements to teach graduate students and company executives how to improve supply chains and logistics. There will be a constant exchange of students and staff between the center and Tech’s Atlanta campus.
The opening will take place on August 20 and will be attended by the president of Costa Rica, Oscar Arias Sanchez.
Tech already has a center in Singapore, the Logistics Institute Asia-Pacific, and is also planning to open other centers, starting in Panama and Chile.
“Inventory ties up capital, and with the credit crunch, capital is hard to get,” said Dr. Ratliff. “There’s a lot of emphasis right now on not having a lot of inventory. If you don’t have a lot of inventory, you need to have a smooth running supply chain. The smoother the supply chain, the less inventory you need to have.”
“Supply chains and logistics are fundamental to trade. It would be impossible for anyone to be good at trade that doesn’t have good supply chain and logistics capabilities,” he added.
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