Among a slew of Latin American countries ready for retail expansion, Chile ranked first place in the 2014 A.T. Kearney Global Retail Development Index (GRDI).
When Mexico set up the first maquiladoras half a century ago, they were sweatshops that simply bolted or stitched together imported parts, then exported the assembled product north across the border to the United States. America got cheap goods; Mexico got jobs and export revenues. Now, with competition growing from other low-cost locations, and with the government cutting some of their tax breaks, the maquiladoras are having to step up their efforts to become innovative.