Question

The Panama Canal has completed a tremendous expansion the will allow nearly double the capacity than previously available. What are the benefits and challenges from this expansion

Answer 1

The answer is below

Step-by-step explanation:

There are various benefits and challenges from the Panama Canal expansion

Some of the Benefits are:

1. There will be rapid growth in the trading activities within the Caribbean region

2. Pacific-Atlantic trade will increase generally, which will benefit the stakeholders and countries within the area including their seaports in terms of high concentration of goods, lower cost, and rapid circulation

Some of the Challenges are:

1. The need to adjust to logistical and services platforms by the Caribbean countries

2. How the stakeholders and countries around the region support and absorb the tremendous increase that is expected in the mobilization of containers.