One of the biggest challenges that SMEs face is delivering the product to the customer in due time and form. To achieve this, companies are increasingly seeking assistance from logistics operators to handle the entire process, from customs procedures and packaging to transportation towards the final destination of the goods.
Latin America and the Caribbean offer excellent conditions for providing high value services and knowledge-intensive processes known as Knowledge Process Outsourcing (KPO). According to experts, this market has grown almost 20% in 2013, representing 17 million dollars.
Ancient precolumbian cultures produced grain crops, such as quinoa, kiwicha and cañihua, with very high nutritional value. Latin America’s Andean region has the advantage of possessing the ideal soil and climate conditions for producing these crops that have gained international recognition.
Pio Endurance started exporting horses to the Middle East and Europe in 2009 with the support of Uruguay XXI’s ProExport Program.
Software as a service, known as SaaS, is a development model that employs the internet as its delivery and execution platform, as opposed to physically installing a program physically on clients' computers. This IT segment is expected to grow at an annual rate of 25% and reach US$ 40.5 billion in 2014.
Sponsored by Uruguay XXI, Loog Guitars, the three string guitars for children created by Uruguayan Rafael Atijas, participated at the New York Toy Fair 2013 and at the Annual Musical Instruments Fair (NAMM Show) in California, United States.
A 2010 report by PROCOMER and FUNDES analyzes the factors that led to the successful internationalization of some SMEs, enabling them to export their products to outside markets. According to this study, thriving SMEs efficiently manage international trade, use available services to facilitate the internationalization of their products and are concerned about strengthening their business skills. They also make good use of information technologies and institutional assistance programs.
As in recent years, a new export record was set at US$ 8.75 billion in 2012, increasing 9% with respect to the previous year. If we add goods exported through the free trade zones, this figure rises to US$ 9.83 billion.
Uruguayan exports recorded improved market diversification between 2001 and 2012, notwithstanding greater concentration at the product level.
Brazil is the main destination for Uruguayan exports and the fourth country of origin of investments in Uruguay, accounting for 7% of total Foreign Direct Investment (FDI). A report from Uruguay XXI´s Department of Competitive Intelligence analyzes the current economic and commercial environment in Brazil and its trade relations with Uruguay.
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