Despite great opportunity for growth, the logistics market in Latin America is lagging behind other emerging markets thanks in part to its notoriety for corruption, violence, poor infrastructure and government bureaucracy. For those who are undeterred by reputations, the barriers to doing business in Latin America are not insurmountable.
The region’s biggest enemy remains itself, according to Cathy Roberson lead author of Ti’s latest report ‘Latin America Transport & Logistics 2015’ “In order for Latin America to reach its true potential, it will have to overcome its infrastructure issues once and for all as well as its bureaucratic and corrupt practices”.
The report, a comprehensive overview the region’s logistics markets, asserts that despite the obstacles there remain significant opportunities for growth throughout the continent. A prolonged period of political instability and economic upheaval has left a large portion of the continent lacking the vital infrastructure needed. Despite this, recent high profile examples of infrastructure such as the soccer World Cup and upcoming Rio Olympics have shown investment is happening and on a huge scale.
Find out more about Latin America Transport & Logistics 2015: http://www.transportintelligence.com/r.php?linkID=1040