Why LATAM?
In today's globalized world, businesses are constantly seeking ways to optimize their operations, reduce costs, and increase efficiency.
One of the most effective strategies to achieve these goals today is through nearshoring, and there's no better region to consider for nearshoring than Latin America (LATAM) today.
Beneficios
Greater Cost Efficiencies
Cost Efficiency
Cost savings on labor, shipping, and production make it a competitive choice over Asia/China.
Direct labor costs in Mexico, for example, are approximately 70% less than in the United States and 35% less than in China. This cost efficiency enables you to maintain competitive pricing and maximize your profitability.
Faster Delivery Times
Faster Delivery Times
Relocating operations to LATAM means working within close proximity and similar time zones.
Lead times can be as low as 2 days compared to a month plus overseas.
Real-time communication and collaboration, eliminating the delays often experienced with offshore operations.
The geographical proximity also facilitates quick, cost-effective travel for site visits, meetings, and quality control.
Benefit from Culture/Trade Agreements
Benefit from Culture/Trade Agreements
Numerous free trade agreements exist between LATAM countries and the United States, facilitating smoother, more cost-effective trade. These agreements can simplify customs procedures, reduce tariff barriers, and provide legal certainty for businesses.
LATAM shares many cultural similarities with the United States, making it easier for businesses to integrate operations.
This cultural affinity can lead to improved collaboration, better understanding of business objectives, and ultimately, superior end products.
At Innova Nearshore Solutions, we understand the unique benefits and challenges of nearshoring. We are committed to helping you navigate this process, ensuring a smooth transition that maximizes your business's potential. Embrace the future of business operations with us. Embrace nearshoring.