Transport & Logistics
From The Report: Mexico 2017
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Mexico’s transport sector has witnessed rapid growth in recent years, although question marks over economic integration with the US – one of the driving forces of transport growth – are introducing a period of relative uncertainty. However, the fundamentals remain positive for the sector, based on demographic growth, rising living standards, a growing middle class, and the expansion of manufacturing and consumer services. In recent years the transport sector has tended to grow at higher rates than the Mexican economy as a whole. Transport GDP grew by 4.3% in 2015, slowing to 2.8% in 2016, while total GDP growth in 2015 was 2.6%, falling to 2.3% in 2016. Most stakeholders in Mexico’s transport and logistics sector recognise that protectionist headwinds in US-Mexican trade could have a negative impact on their industry during the course of 2017. However, fundamentals in the industry are still positive, and there is room to increase efficiency and competitiveness. This chapter features an interview with Andrés Conesa Labastida, CEO, Aeroméxico.