Some of the best moments of Nearshore Nexus ’13 happened on the fly – during networking breaks, on the way to sessions, in hallways, at lunch or during our closing “Nexus After Dark” reception. Our team has gathered the best photos from those moments here in one album on our Facebook page – take a look and recall the great memories!
View Slideshow: Business Networking at Nearshore Nexus
Srivastava: At EVS, Brazilians outnumber other foreigners.
By Narayan Ammachchi
Ever wondered why IT and BPO companies in Chile have continued to expand despite what is commonly seen as a severe shortage of skilled workers locally? In Chile, immigration rules are strikingly different than nearby nations like Brazil. IT companies can bring in as many skilled professionals from overseas countries as they want. Jobseekers from across the world are arriving by thousands and filling up the vacant positions in all sectors of the economy.
Outsourcing Buyers See Reason to Question Asia’s Dominance
April 30th, 2013
Porter of Humana points to importance of local firms
By Paul McDougall
It is one thing for investment agencies and Nearshore vendors to promote Latin America sourcing but when buyers start to become vocal champions, it’s a good idea to hear their rationale. “People tend to have a myopic view about outsourcing, we only think about India,” said Anthony Porter, director of IT Vendor Management, Procurement, Legal and Strategy at U.S. health insurance provider Humana.
Nexus Report: Why D.C. Gridlock Could Spur More Offshoring
April 25th, 2013Nexus Special Report: New York Times columnist Joe Nocera says Washington’s follies have put the U.S. at a disadvantage against global competitors.
By Paul McDougall
Political gridlock, rising debt, and uncertainty over key issues like immigration and healthcare could have more U.S. companies looking to put work offshore or in nearshore locales, according to New York Times columnist Joe Nocera. “Imagine you’re a company and you have to make decisions about capex and hiring. Tell me again why you’re going to expand that plant in the United States when you see what’s going on in Washington,” said Nocera, who spoke Wednesday at the Nearshore Nexus conference in Jersey City, NJ.
Live at Nexus: Seeing Latin America in a New, Business Driven Light
April 24th, 2013
Nearshore Nexus – the most influential event in the thriving Nearshore outsourcing marketplace – kicked off today to record-breaking attendance in Jersey City, NJ. The sold out conference is hosting executives from over 30 Fortune 200 U.S. companies and representatives from 18 countries in the Caribbean and Latin America. Panels and presentations in the early phase
of the event have focused on a range of business critical outsourcing issues, from bank industry risks to the real cost of setting up operations in the region.
Rising Wages and Inflation Damage the Luster of Costa Rica
April 23rd, 2013
Stream’s Salazar: “Almost impossible” finding talent at right price
Out of nowhere, Costa Rica is described as “another Puerto Rico”
By Narayan Ammachchi
Rising wages and inflation are threatening to undermine Costa Rica’s outsourcing sector, with several outsourcing firms scaling down operation and fleeing to cheaper locations. Costa Rica has the highest rate of inflation in all of Central America and the country’s currency Colon too has continued to rise against the US dollar. Inflation in February was 6.52 percent, the highest since 2009 and beyond the central bank’s target of 5 percent, according to Bloomberg.
Over One Thousand Entrepreneurs Knock on Chile’s Door
April 12th, 2013By Narayan Ammachchi
Organizers of the Start-up Chile say they have received more than 1500 applications from entrepreneurs in 68 countries and will soon select the top 100 best projects for funding.
Start-up Chile is currently in its seventh phase of funding new entrepreneurs and inviting them to Santiago to participate in what has become a symbol of Chile’s embrace of innovation and new ideas. Under the program, the Chilean government will give each entrepreneur US$40,000 in seed funding and a work visa.
Most of the budding entrepreneurs seeking funding are from Chile (37%), the United States (12%), Argentina (8%), Brazil (5%) and India (5%). And the projects that the entrepreneurs are offering to work on are related to social media (17%), e-Commerce (15%), IT and enterprise software (15%) and education (11%).
“The Chilean entrepreneurial ecosystem keeps getting stronger. People from all over the world want to join the entrepreneurial revolution that is …
By Clayton Browne
There’s more to reshoring than meets the eye. We’ve heard a lot about the trend toward bringing jobs back to the U.S. in the last year or two, and the numbers are no mirage. U.S. businesses and government agencies are offshoring less work today than they were two, three or four years ago, and the trend seems to be building momentum. However, there is a caveat. U.S. businesses are still outsourcing just as much if not more work as they were a few years ago, they are just sourcing a growing amount locally instead of offshore.
By Narayan Ammachchi
HP is gearing up to relocate a part of its global services center in Costa Rica to the Indian city of Bangalore, leaving 400 people jobless. The U.S. tech giant has not explained what caused its decision, but analysts believe rising wages and dwindling English-speaking workforce in the Central American country has long been a concern for the Silicon Valley company.
Announcing the Power 50 2013: The Real Operators
March 25th, 2013
Members of the third annual Nearshore Americas Power 50 Ranking – announced here today – demonstrate the real character of this emerging, chaotic and scrappy young industry. The ranking, which is the result of a five-month nomination and review process, strives to bring to light the spark and inspiration that powers the Nearshore business community. The list is remarkable for several reasons.
