(Reuters) -Companies in Argentina are set to face challenges related to politics, the economy and a surge of competitors over the next three years, a poll by consultancy EY showed on Wednesday.
WHY IT’S IMPORTANT
The Trump administration has focused on international relations through changes in its tariff policy, which adds additional complexity and uncertainty to global conditions, according to the report.
KEY QUOTES
“Generally, Argentina has found itself, until now, less impacted than other regions such as Asia or Europe,” the report said.
“Argentine businesses prioritize operational improvements, productivity and costs, growth in market share, technology and digital transformation, strategy, and business transformation and innovation,” the EY report said.
BY THE NUMBERS
Changes in demand, consumer preference and behavior were named as challenges by 27% of respondents, while 26% named business risks and 21% named global economic conditions as significant challenges in the coming years.
Around 49% of executives said they expected relations with the U.S. to be good or very good, while 51% expect relations to range from neutral to very bad.
Respondents consisted of over 1,700 top executives and directors from 18 countries, while 150 were Argentine.
CONTEXT
The influx of competitors comes as another study recently showed investment in Latin American startups growing significantly, including in Argentina.
(Reporting by Walter Bianchi; Writing by Rafael Escalera Montoto; Editing by Rod Nickel)
