Everscale Monthly Insights

Welcome to this month's edition filled with regional?insights?worth keeping an eye on. Emerging Trends, Cost Reduction Strategies, Talent Acquisition, and Operational Best Practices.

Here is a glimpse of what we have for this month:

• Investment in Latin America continues. Which Tech Verticals are getting most of the attention.
• Mexico's Nearshoring attracts Canadian companies.
• Forrester analysis on North America Nearshore, Onshore and Offshore trends.
• Tech Startups need to master cross-border operations from the start, according to Silicon Valley Accelerator.
• Did you know section.
• This month's city spotlight: Mexico City

WHAT′S TRENDING?

VC investment in Latin America continues - LAVCA TRENDS IN TECH, 2023

Seed funding was resilient through the downturn, as a growing number of fund managers continued to invest in early entrepreneurs and the Tech Industry. Top VC verticals in 2022 were Fintech, E-Commerce, HRtech, Proptech, Logistics Tech, Enterprise Software, CRM/Sales Mgmt., Digital Security. Read More.

Nearly 200 Canadian companies seek to take advantage of nearshoring: Scotiabank Mexico CEO - August, 2023?

In 2023, Mexico emerged as a magnet for foreign direct investments (FDI) through the nearshoring economic phenomenon, attracting a staggering $40 billion USD in investments, according to Fitch Ratings. The agency anticipates that Mexico could seize half of the total FDI inflows in Latin America in the coming years. Read More.

Mexico's automotive industry production and exports accelerate - INEGI -August, 2023

The US automotive market has propelled Mexico's light vehicles and auto parts production plants towards achieving full operational capacity marking a historic milestone since record-keeping began 16 years ago according to INEGI.?

Anticipating sustained growth certain OEMs are embarking on plant expansions in the country collectively investing over $2.5 billion USD this year. Read More.

GOODS READS

Why Tech Companies Need to Master Cross-border Operations?- By Alchemist

With remote work proliferating, cross-border operations are more critical than ever, especially for tech companies. The question is, which cross-border capabilities are most vital for tech companies, and are they obtainable without risking agility or resilience??How to master cross-border operations and embrace them as a vital part of your business.?Read More.

"Two-thirds of the 1,550 services decision-makers we surveyed say that their most important location increases in 2022 are onshore, nearshore, and onsite — not offshore" - By Forrester

Technology execs are keeping their partners close in both working hours and proximity. Automation in services delivery and reenergized talent marketplaces garner a lot of attention and for good reason: They lower investment and provide flexibility And major shift is toward staffing services from nearby locations. Read More.

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