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Clinical Trials in South America will continue to grow in Logistics Blog

83110_30049_0.jpgLatin America is going through a new era of growth and the global air cargo carriers are first hand witnesses of the regional economic expansion. Even despite the recent recession, the transportation industry has been noticing an increase in airfreight volumes, including pharmaceuticals, transported to the continent. As IATA reported, airfreight-related growth in Latin America for the first half of 2010 was 60.2%, while the worldwide growth showed only half that amount.

It is no secret that the Latin American market has been a target of the pharma companies for quite a while now. The region has been very popular among sponsors due to various reasons: