Though Latin America is still playing catch-up when it comes to supply chain technology, it will progress quickly over the next few years—if vendors can avoid some potential roadblocks.
Ask someone in Latin America about the state of supply chain technology, and he or she will probably tell you that the region is a decade behind the United States.
Why the 10-year lag? It’s not because of Latin America’s vine-filled jungles, mile-wide rivers, or forbidding mountain ranges—although these topographical features have made it tough to build reliable infrastructure. Rather, it’s a result of decades of instability in this diverse region, which stretches more than 7,000 miles from the United States-Mexico border to the islands of Tierra del Fuego at South America’s southern tip. Given the region’s long history of economic volatility, governments and the private sector have had little incentive to invest in costly new technologies.