DEVELOPMENT CENTERS

Digital Transformation and Nearshoring

According to Gartner, the use of near-shore countries in the Americas has had consistent growth because the need to balance APAC-based sourcing and same-time-zone efforts are needed for Enterprise Applications. Post-pandemic, this trend accelerated as companies in North America extended their hiring radius to include cities in Canada and Mexico with similar flight times and costs. Mexico, already the top US trade partner, has been the main beneficiary of the reconfiguration in global supply chains that want to be closer to the US economy. Fitch Ratings anticipates that Mexico could seize half of the total foreign investment inflows in Latin America in the coming years.
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