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Experienced Innovation

Nearshoring Destinations Index

Nearshoring Destinations Index

Nearshoring has become a popular and intelligent option for U.S. companies that are not only looking to lower costs, but also want that cultural affinity and technological innovation that lend themselves to increased productivity and expertise.  Latin America as a whole is gaining credibility as a viable source for sourcing, but it is important to delve deeper than the regional level to find the place where a buyer can attain the most value.  With this in mind, ThinkSolutions took 19 countries in Central and South America to determine their overall appeal as nearshoring service locations and ranked them according to their financial incentives, business environment, and labor force.  We placed emphasis on factors that would bring out the unique characteristics of the region, such as cultural affinity, time zone alignment, technological readiness, and language capabilities.  These rankings will be updated quarterly or as major events occur that alter the outsourcing landscape.

 

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2012 First Quarter Rankings
  1. Mexico
  2. Costa Rica
  3. Colombia
  4. Chile
  5. Brazil
  6. Argentina
  7. El Salvador
  8. Uruguay
  9. Panama
  10. Peru
  11. Puerto Rico
  12. Guatemala
  13. Dominican Republic
  14. Bolivia
  15. Paraguay
  16. Honduras
  17. Ecuador
  18. Venezuela
  19. Nicaragua

Nearshore Rankings

Each quarter, we rank 19 Latin American countries based on their appeal as outsourcing and shared services destinations.

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