Nearshoring – Unveiling Latin America’s potential
This report explores the potential of nearshoring in Latin America, assessing various markets across the region based on several key indicators.
The analysis focuses on the business environment, track record for foreign investment, workforce availability and cost, real estate infrastructure, proximity to the US, and logistics performance. The results highlight top performers in each dimension, featuring case studies like Costa Rica's Life Sciences Hub, Mexico's industrial cluster, and Guatemala's attractiveness for business process outsourcing.
Mexico stands out for its unmatched location and economic size, serving both as an export hub and a destination market. Brazil, the South American giant, combines the best logistics performance with the largest economy and population. Boasting business-friendly environments and consolidated foreign investment ecosystems, Costa Rica and Chile also excel. Panama emerges as the region's logistics hub, while Colombia demonstrates robust performance across multiple dimensions. Additionally, Argentina and Peru are notable for their qualified and affordable labor forces.
This document should be interpreted as a data-driven overview of the varied opportunities Latin American countries offer. For specific relocation cases, JLL recommends an in-depth analysis that considers the company’s specific priorities, supply chain configuration, and industry requirements. Please reach out to our consulting services team to learn more.
