Is Argentina the next big opportunity in manufacturing? In this Supply Chain Byte, Lisa Anderson shares insights from her recent trip to Argentina and outlines four key reasons why the country is becoming an attractive offshoring option for manufacturers looking to expand or diversify operations in Latin America.
With the reshoring and nearshoring trend continuing to gain momentum, executives are expanding their sourcing footprint beyond traditional locations. Argentina is rising as a serious contender for manufacturing investment and supply chain partnerships — and for good reason.
There are four key factors driving Argentina’s momentum:
- Economic Recovery and Government Incentives. Inflation has dropped dramatically from a staggering 25% per month to 2% per month and falling.
- Strategic Location. Argentina borders five countries, including Brazil, Latin America’s current manufacturing leader.
- Natural Resources. From lithium and copper to oil and natural gas, Argentina has an abundant supply of critical materials fueling key industries like energy, EVs, and electronics.
- Skilled Workforce. With strengths in automotive, pharmaceuticals, food and beverage, and tech sectors, Argentina boasts a capable labor pool supported by both agricultural and industrial expertise.
If you’re reassessing your sourcing strategy in Latin America, Argentina is worth a closer look.
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