"Time is an illusion that only exists when you don't think about it." - Carlos Fuentes (Mexican novelist)
July 18, End Of Day
As the digital revolution continues to reshape global economies, the gig economy has emerged as a powerful force, particularly in Latin America. Characterized by short-term contracts and freelance work, the gig economy offers flexibility and new income opportunities for millions of workers. Often referred to as a "white-collar revolution," this shift is redefining traditional labor landscapes and presenting both opportunities and challenges across the region
1. Rapid Growth and Economic Impact:
2. Sectoral Insights:
3. Worker Protections and Challenges:
4. Financial Inclusion:
Recylink: This B-Corporation, profitable since July 2023, connects waste generators, transporters, and destinations, improving waste management communications. With a 2x YoY revenue growth and only a 2.3% churn rate since 2021, Recylink demonstrates a strong market presence. Dive deeper into the case here.
Kigui: Kigui's impact is substantial, having reduced 460k tons of CO2 emissions, saved 440k products from being wasted, and conserved 174.6M liters of water in 2022 alone. They incentivize consumers to purchase products close to their best buy date in supermarkets. Dive deeper into the case here.
iZi: They facilitate management information for business decisions and empower SMC sales channels through Fintech solutions. Their platform features over 1200 clients, a remarkable 90% renewal rate, and has been cash positive since March 2023. Dive deeper into the case here.
Dive deeper into other fundraising firms in LatAm here.
Argentina: Argentina tripled its lithium carbonate production capacity over the past two years, reaching 136,500 tons annually. The country's Chamber of Mining Entrepreneurs attributes this growth to new projects, including the Centenario Ratones plant in Salta, a joint venture between France's Eramet and China's Tsingshan. Argentina, the world's fourth-largest lithium producer, is expanding its output to compete with Chile, the top producer in Latin America.
Brazil: Over 100 countries are expected to join Brazil's Global Alliance Against Hunger, which aims to combat global food insecurity. The initiative, promoted by Minister Wellington Dias, will officially launch at the G20 summit in Rio de Janeiro in November. The alliance seeks to remove all countries from the FAO's hunger map by 2030. Brazil aims to achieve this goal again by 2026.
Venezuela: Loans of fertilizers and seeds from agricultural guilds have boosted rice and corn production, reversing years of decline. Farmers benefit from these loans amid tight credit and high inflation. Despite the improvements, some small producers struggle with loan repayments and potential shutdowns. Recent economic adjustments and new funding practices are offering relief, though challenges remain.
Check our recently published insights here. Recent post:
🌆 Proptech’s Market Potential in Latin America
Proptech is transforming the real estate landscape in Latin America, fueled by significant economic and social drivers. This sector not only modernizes real estate transactions and management but also enhances housing accessibility and stimulates regional economic growth.
Key Factors Impacting Market Potential:
🔍 Read more here.
