The outsourcing market in Latin America is pegged to grow at double-digit rates until 2019, with procurement outsourcing accounting for more than 30 percent of this growth.
Latin America offers several advantages beyond cost arbitrage, especially for companies based in the U.S. and Canada, or even European companies looking to outsource or nearshore their procurement operations.
Latin American countries, such as Costa Rica, Brazil, Argentina, Mexico and Chile, for example, offer attractive features for outsourcing and have attracted many leading global companies to invest in call centers, offshore delivery centers, BPOs and shared service centers (SSC).
In this white paper, GEP explores key drivers behind the growth of procurement outsourcing in Latin America and discusses the strategic advantages and benefits of outsourcing procurement to the region. We also share the key considerations when choosing a procurement outsourcing service provider in the region.