Latin America Needs More Infrastructure to Seize Nearshoring Opportunity
Latin America Needs More Infrastructure to Seize Nearshoring Opportunity
Governments must set their infrastructure priorities and define a role for the private sector, writes Susan Segal, AS/COA president and CEO.
This article is adapted from AQ's special report on Latin America's ports The growth in nearshoring is one of the most exciting things to happen in the Americas in recent years, with millions of dollars pouring into Mexico and other countries in order to integrate the region’s supply chains. But for this hopeful trend to continue, there’s no doubt that infrastructure must catch up. In 2023, the Inter-American Development Bank estimated that the infrastructure gap in Latin America represents 2.5% of the entire region’s GDP, or around $150 billion a year. Traditionally people...
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