Full Book Chapter on Supply Chain Management and Logistics in Emerging Markets
By Josué C. Velázquez Martínez, Hugo Tsugunobu Yoshida Yoshizaki, Christopher Mejía Argueta
Within a variety of countries considered emerging economies, Latin America has received special attention in the last years. The region accounts for more than 625 million people with approximately 5% of the total world Gross Domestic Product (GDP; ECLAC Report Latin America, 2016). The Inter American Development Bank (IDB) has labeled Latin America as a region with large market potential (Marczak, Engelke, Bohl, & Saldarriaga, 2016), specifically for the high potential for significant investments.