Americas Market Intelligence Publishes 2024 Forecast for Latin America
MIAMI, October 24, 2023 (Newswire.com) - Americas Market Intelligence (AMI) has published its 2024 Forecast for Latin America. AMI’s team — consisting of experts in the region’s market dynamics and also in specific sectors, such as payments/financial services, logistics/transportation, energy, consumer goods and services, industrial products, healthcare and mining — offers both a short-term outlook for Latin America in 2024 and an analysis of longer-term trends that could shape the region from 2024 to 2030.
“While it’s important to look at the coming year to share our outlook for Latin America for 2024, for strategic planning purposes, we have to examine forces and shifts that will shape the market beyond just next year,” explains John Price, Managing Director of AMI. “We first did this with our 2023 forecast and retained this feature because we know that businesses need a longer view so they can prepare for emerging trends in markets.”
The five longer-term changes discussed in the Forecast include:
Nearshoring: Which countries will benefit most from this trend and how
Artificial intelligence: How it will impact industry sectors — for better and for worse
Gig employment: Why it’s a two-edged sword for the region
Increased regulation on disrupted sectors: The looming threat facing fintechs, ride-sharing, and other new business models
Climate change: The effect of new regulations and transitioning the energy grid
In addition to these trends, key issues covered by AMI’s 2024 Latin America Forecast were:
- 2024 outlooks for Brazil, Mexico, Colombia, Argentina and other key LatAm markets
- How increased regulation could ensnare the disrupters, such as fintechs, crypto, last-mile logistics providers, ride-sharing companies and others
- Why populist politicians are boxed in by the region’s resilient institutions
- Why pro-business politicians may end up winning major 2024 elections
- Why the gig economy can be great for informal workers but bad for legacy companies whose taxes fund social programs across the region
- Why climate change will help spur the transition of LatAm’s energy grid while also presenting huge challenges for traditionally “dirty” industries
AMI initially shared the 2024 Latin America Forecast in a webinar broadcast in October with more than 1,000 attendees but seeks to make it more broadly available via its website. “Our forecast is driven not only by our 30 years of experience studying the region, but also from our day-to-day market intelligence studies executed for clients in 15+ sectors in 30+ markets in LAC, and we hope it’s helpful to companies looking to maximize their success going forward,” says Price.
About Americas Market Intelligence
Americas Market Intelligence (AMI) is the premier market intelligence and strategy consultancy for Latin America, providing powerful research insights for companies to succeed in a wide range of verticals in the region, including payments, healthcare, logistics, mining, energy, consumer goods/services and the industrial sector. Its customized research reports deliver data-based clarity and far-reaching strategic direction based on expert sources.
Source: Americas Market Intelligence
