This one is just too good to ignore. We at northxsouth have speculated for a while that 2008 will be the year that near-shoring really takes off in Latin America and we plan to be right there, helping it happen.

If you still need convincing, try this on for size — India-based outsourcing companies are now out-sourcing their work to Latin America! India’s Tata Consultancy Service has begun opening offices in Uruguay — and has incredibly expanded to 5,500 employees throughout Latin America. The same reasons we’ve been talking about are cited: better time zone difference, Latin American business culture is more similar to US business culture than India, etc. You might have to register to read the whole article but it is worth the read.