The outsourcing market in Latin America is expected to grow at a double-digit rate until 2019, with procurement outsourcing accounting for over 30% of this growth. Latin America offers cost arbitrage and strategic advantages for companies looking to outsource or nearshore their procurement operations. Key drivers behind the growth of procurement outsourcing in Latin America include attractive features such as low labor costs, favorable tax policies, and a skilled workforce. GEP explores the strategic advantages and benefits of outsourcing procurement to the region and shares key considerations when choosing a procurement outsourcing service provider in the region.
