Hector Sosa Flores Explores How COVID-19 Has Impacted the Gold Supply Chain

Hector Sosa Flores points out that while every sector of the gold supply chain has been affected by COVID-19, he is nevertheless optimistic about the future.

SAN DIEGO, CA / ACCESSWIRE / March 12, 2021 / Hector Sosa Flores, an acclaimed serial entrepreneur and Founder of Axios Group, which owns and manages a mine in Brazil and has grown into one of the largest gold consolidators in the U.S., has explored how the global COVID-19 pandemic has impacted the gold supply chain in a new feature article.

In the feature article, which is available here, Hector Sosa Flores points that absolutely every sector of the gold supply chain has been affected by COVID-19. On the production end, numerous gold mines completely halted production – some proactively, and others in response to government orders – when the pandemic began in an effort to protect worker safety. At the same time, severe travel restrictions both within countries and across international borders made transportation much more difficult and costly.

“Many flights were canceled, and those that were cleared were allocating much of their cargo space to urgent medical supplies like personal protective equipment,” commented Hector Sosa Flores, whose firm Axios Group, LLC works closely with various commodity and precious metal dealers to provide clients with the best value and services. “And since air is the most common way that gold is transported, this naturally led to a dramatic plunge in the volume of gold being delivered, along with a spike in transportation costs.”

Other supply chain aspects that have been affected by COVID-19 include refineries that are facing a precipitous drop in mining coupled with labor force restrictions, metal traders who are struggling with limited supply and increased delivery costs, and buyers who are facing higher prices.

However, while 2020 was an extremely tumultuous year for the gold supply chain, Hector Sosa Flores is nevertheless hopeful that things will start to stabilize and normalize in 2021.

“It has been said that necessity is the mother of invention, and entities involved at various stages of the gold supply chain – mining, delivery, trading and buying – have made significant adjustments in the last year in order to work in a safer and more efficient way,” commented Hector Sosa Flores. “At the same time, investor and consumer demand for gold has exploded, and this is likely to continue throughout the pandemic and beyond. And so, while it has certainly been a difficult period on a number of levels, I am optimistic about the future.”

About Hector Sosa Flores

Hector Sosa Flores is the Founder of Axios Group, LLC that has grown into one of the U.S.’s leading gold consolidators, and which works closely with various commodity and precious metal dealers to provide clients with the best value and services. The firm, which owns and manages a mine in Brazil, also takes an active stance in protecting the environment by ensuring the proper ecological measures are taken to protect the Amazon rainforest.

In addition, Hector Sosa Flores is also the owner of Code Loft, LLC, which is a thriving digital services firm that provides a full range of website design and marketing solutions. Recently, Code Loft launched Instaweb.com, which is a software solution that simplifies website building for creators at any level.

Hector Sosa Flores attended Boston University, where he studied political science and finance. After graduation, he attended the Universidad Complutense de Madrid where he studied international diplomacy and then attended San Diego School of Law where he earned a law degree. He has also earned certifications in entrepreneurial essentials, business finance, and negotiation, respectively, from Harvard Business School.

Hector Sosa Flores
https://www.hectorsosa.com/
https://www.linkedin.com/in/hector-sosa-a72a5130/
http://www.axios.global/
info@hectorsosa.com

SOURCE: Axios Group, LLC

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