Latin America is rich in opportunities, from growing market reach to rationalizing operating costs, but these opportunities are not exempt from related challenges.

Latin America is rich in opportunities, from growing market reach to rationalizing operating costs, but these opportunities are not exempt from related challenges.

 Latin America is rich in opportunities, from growing market reach to rationalizing operating costs, but these opportunities are not exempt from related challenges.

 Latin America is rich in opportunities, from growing market reach to rationalizing operating costs, but it is a region that also presents challenges.

 The complexity of any organization’s operating model is heavily influenced by the environment in which it conducts business.

Latin America presents a plethora of opportunities for Multinationals, from market development on a region with an aggregate GDP in excess of five trillion USD, to manufacturing, to supply chain management, to back office operations in a lower cost environment; but it is not free of challenges. It is one of the most complex regions in the world to do business in. Take taxes for example. According to a recent survey by Doing Business  from the World Bank, it takes on average 478 hours a year to prepare tax returns in Latin America versus 177 in the high income countries and 186 in the U.S.