Latin American SMEs Optimistic About 2011

Discussion in 'UPS Pressroom News' started by cheryl, Dec 3, 2010.

  1. cheryl

    cheryl I started this. Staff Member

    Annual UPS survey reveals that SMEs anticipate their company's financial situation will improve in the next year

    The UPS Business Monitor Latin America (BMLA) study, now in its fourth edition, reveals that small and medium enterprises (SMEs) throughout Latin America are finally seeing signs of recovery for the first time since 2008. The study shows that almost 80 percent of the SMEs surveyed project an economic improvement for their companies over the course of the next 12 months - and they are planning accordingly. Despite not yet returning to pre-crisis business performance levels, SMEs confirmed a considerable decrease in workforce reductions and ranked marketing and sales as their top investment priority in 2011, in addition to citing supply chain management as a strategy for increased competitiveness.