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ICTSI is poised to ride a wave of global trade resurgence
While risks remain, the global port operator will benefit from a trade growth rebound and shifting supply chain
By German de la Paz III, Ariz Marcelino, and Charles Randy Lumhod
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With trade seen to grow as economies worldwide rebound, global port operator International Container Terminal Services, Inc. (ICTSI) is poised to ride the wave of resurgence.
The company is strategically positioned, particularly in key regions of Asia, North America and Europe.
Mexican connection
Notably, Mexico has emerged a critical market for ICTSI, with its Contecon Manzanillo S.A. de C.V. (CMSA) terminal contributing 20% of the company’s total revenue.
This has been driven by accelerating reshoring and offshoring, fueled by the US-China decoupling. Mexico’s strategic role in the supply chain shift – helped by aggressive government efforts to attract manufacturers – has led to a surge in trade volumes in the third quarter compared to same period last year. Companies like General Motors