Executive Meeting organized by the Industry and Agriculture Chamber of Commerce with the theme "Consumption Trends 2023”
On January 25, 2023, Mr. Jean Carlos Morales Pascual, an attorney at our law firm, participated in the Executive Meeting organized by the Chamber of Commerce, Industries, and Agriculture of Panama where the topic "Consumption Trends 2023" was discussed. The central theme focused on the instability, insecurity, and skepticism of the local consumer as a result of the COVID-19 pandemic.
Facing this reality, there exists, however, a growth in the sale of certain products such as those pharmaceutical products and in particular, flu remedies, analgesics, and generic drugs. On the other hand, there has also been an increase in animal feed and fabaceous or legume products.
Due to the great consumer demand for these products, the forecast is for the appearance of new companies dedicated to their elaboration and/or distribution, which in turn will lead to an increase in legal services to meet this new demand.