We're sure you’re all well aware of the impact plastic has on our daily lives, whether it be good or bad. However, the plastic market itself does become quite a bit more interesting the deeper you dive into it. Today, we will take a look at how plastic is an integral element of Argentine recycling efforts, and also how the ideas of outsourcing and nearshoring make the region the perfect location for industry, and not just plastic, for future development.
Plastic and recycling in Argentina
With plastic still forming a big part of all our lives, it’s clear we won’t be seeing the back of it for some time, but, in Argentina, the worry has been a bit bigger since some plastic items were re-categorised which meant throwing them away became even easier. This means other countries may well want to dispose of their unrecycled waste within their borders, harming the people, the animals and the environment.
However, like we always say, Argentina, and Latin America as a whole, is extremely innovative, and with this plastic dilemma there is no exception.
During 2021, the Ministry of Public Space and Urban Hygiene received four separate awards down to new initiatives for recycling and management of waste. Why is this important for you? If you own a business designing systems and software to facilitate smart recycling or initiatives for environmental protection, a country like Argentina, where plastic is an issue but is being worked at to be resolved, outsourcing or investing in the nation could be the platform your business needs to succeed, both economically and environmentally.
Rethinking Recycling is an initiative launched in 2018 to educate workers and communities on recycling, resulting in a third more recycling of products previously thrown out taking place. It is planned to roll out properly next year, and the inclusive element of it means communities bring each other up and hopefully will eliminate waste plastics one day.
Unilever, a company I’m sure we’ve all heard of, is also involved in the city with their ‘Green Points’. All you do is take your plastic or recyclable items and receive a coupon for their products, which are also made from the recycled plastic of items given by Buenos Aires’ residents. This cycle of positivity promotes sustainability and shows that success is there to be found in this sector in Argentina.
What are the benefits?
Time Zones: Technical operations rely on clear communication, and if we look at common outsourcing locations like China, time differences make any kind of troubleshooting or urgent communication dependent on small windows of opportunity.
Though, on the other hand, nearshoring facilitates in Argentina compared to the United States mean more constant flows of communication meaning services, such as tech development for smart recycling, maintaining their fluidity and reducing the knock-on effects in the home country of the business.
Eastern Standard Time is only two hours behind Buenos Aires, making workdays broadly overlap and mean you can stay in touch with your employees constantly.
Innovation: Politics and trade tariffs from the United States on China have meant that new opportunity is desperately needed for outsourcing businesses. Argentina continues to show it can be a reliable alternative and with regards to nearshoring, it is reported that the industry could be worth US$72 billion to the Latin American economy.
If we look at this with Free Trade Zones, Argentine innovation and its proximity with the US demonstrates an alternative angle to nearshoring, as for businesses, it opens the door to benefits previously overlooked by historic ties of interdependence.
Costs: Important to all of us is the decreased cost of freight shipping and communication,
leaving more money to inject into other aspects of the business, such as staff training or fortifying connections with the nation where the nearshoring is taking place, maybe by traveling more often to the country to meet with employees and maintain high standards
and morale amongst the team.
So, if you are interested in finding out more, contact us today! Below this article you will find a link to set up a free fifteen-minute consultation with us to discuss your options further. At Creimerman, our team of professional global citizens would be happy to help you with your personal or professional cross-border ventures and help make them a success.