“Clients resist technology, because it is costly”

Interview with Patricia Gastelumendi, CFO, Ferreycorp The model of innovation when multinational agents and the use of natural resources are involved is of crucial relevance in developing countries. Patricia Gastelumendi, CFO of Peru’s Ferreycorp has experience in heavy machinery and capital goods. The firm is the largest distributor in Peru of heavy machinery for U.S. multinational Caterpillar, and operates 17 companies in eight Latin American countries. She is well aware of the need of digitally transforming the company, but frames the discussion in rigorously practical terms, as it should be expected from the head of finance of a Latin Trade Top 300 firm. She believes that the classic problem of cost containment versus value creation will always exist, and any […]

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Global Tourism Industry on Track for Full Recovery by 2024

The global tourism industry is set to reach, and possibly surpass, pre-pandemic levels by the end of 2024, according to the World Economic Forum (WEF). Five years post-COVID-19, the sector is experiencing a robust resurgence driven by a surge in international travel, improved air connectivity, and strong rebounds in key regions. However, global dynamics must be managed carefully to ensure stable and continuous growth. In 2023, international tourism reached 88% of its 2019 levels, a significant recovery favored by the reopening of Asian markets, as highlighted by the United Nations World Tourism Organization (UNWTO). The Middle East led the way, surpassing pre-pandemic levels by around 20%, with Europe, the Americas, and Africa following close behind at approximately 90% of their […]