Selling in external markets represents a huge challenge for many SMEs not only due to the demand for high quality products but also because they typically cannot keep up with the production volumes required by the buyer or importer. This is why forming alliances with other businesses may be the solution.
Outsourcing in Latin America has become an advantageous and strategic practice for American companies for the past decade or so. Services outsourcing is the new trend.
SMEs in Latin America and the Caribbean offer a wide range of benefits in connection with the outsourcing of information technologies or ITO, mainly due to geographical proximity, skilled human capital and cultural affinity. The global ITO market reached U$ 288 billion in 2013 and will continue to grow at least until 2017.
Exporting SMEs in Latin America and the Caribbean are faced with increasing international competition. One of the most effective ways for improving the competitiveness of these enterprises in the global arena is to assure quality to their clients.
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.
The need to speed up delivery times, increase flexibility and reduce costs is leading the upturn of the pharmaceutical outsourcing industry. Latin American countries enjoy ideal conditions to satisfy demand and profit from this attractive market opportunity.
Computers, machines, smart phones and robots have in recent years completely reshaped the world. In fact, the world seems to be rapidly changing, with a volatile global economy with high unemployment and new powerful technologies making some human jobs obsolete. One is left perplexed as to the “new” nature of jobs. With robotics playing a fundamental role in productivity, one can’t help but wonder what the future holds.
Mobile devices are currently an important tool in healthcare. While this trend (known as m-health) continues to climb, Latin American developers can benefit from this new market niche.
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