Opportunities for Latin America in the nearshoring of goods and services

For some years now, US and Canadian multinational companies have shown a growing interest in relocating their international production networks from distant destinations (mainly Asia) to nearby countries in Latin America and the Caribbean.

This nearshoring process is the result of several factors, including: trade and technology tensions with China, disruptions in global supply chains, the rising relative cost of human capital in several Asian countries, security and intellectual property risks, and time, cultural, and language differences.

This webinar will address the region’s potential as a nearshoring destination for goods and services.

Some questions that will be discussed are: What trends have been observed in nearshoring in the region in recent years? Which sectors and countries have the greatest potential to capture new investment and business opportunities? What could governments do to improve the attractiveness of countries for nearshoring? Could foreign investment from China, Europe, India and the United States in the region increase the capacities to sell goods and services for the North American market? What has been the impact of China-US trade tensions on the region’s trade with the US?