Focus on LATAM

February 5, 2025

How Business Migration Is Reshaping the Americas

Learn how shifting migration policies and talent trends drive nearshoring , e-migration, and talent hubs, helping companies stay competitive in the Americas.

How Business Migration Is Reshaping the Americas
Isabela Sangiorgi

by Isabela Sangiorgi

Research Associate and Community Lead at 10k Humans

Recent shifts in migration policy across the Americas, including recent US regulatory changes that impact work visas and hiring eligibility, are reshaping the landscape for businesses operating internationally. These changes have introduced complexities for companies reliant on cross-border talent flows, particularly in industries like technology.

With these policy shifts, market researchers and consultants must be attentive, as understanding business migration patterns - such as the movement of local operations, talent sourcing strategies, or the relocation of workforces to regions with more favorable policies - can become a critical factor in client decision-making.

With Latin American talent hubs increasingly being used by both U.S. companies and other Latin American companies for sourcing and hiring tech talent, this becomes even more pressing for businesses that either depend on a globalized workforce or aim to remain competitive in international operations.

When companies consider expanding operations, relocating facilities, or restructuring their workforce, they must consider complex choices that directly impact their bottom line. Should they build a tech hub in Guadalajara or Medellín? Is it better to centralize operations in Brazil or distribute across multiple countries? How will changing migration policies affect their ability to move key personnel between offices?

These decisions require deep market intelligence about talent availability, regulatory environments, and operational costs across different regions, and current events have made this knowledge more valuable than ever.

A report from the World Economic Forum indicates that, between 2020 and 2023, the number of professionals in South America working for companies in the US or Canada grew by 70%, especially in tech. A similar trend is true for cross-border talent movement within Latin America itself, with particularly strong flows between neighboring countries. This shift isn't just about numbers – it's about how companies are fundamentally rethinking their approach to talent acquisition and retention.

Mercado Libre, Latin America's largest e-commerce platform, is a good example. The company has been strategically expanding its tech operations across multiple countries over the past couple of years, establishing development centers in Colombia and Chile while maintaining its strong presence in Argentina. This approach isn't just about cost savings – it's about creating resilient talent networks that can withstand regional economic fluctuations and regulatory changes.

Similarly, Brazilian fintech giant Nubank has implemented what they call a "distributed talent hub" model. Rather than centralizing operations in São Paulo, they've created multiple technical and operational centers across Brazil, Mexico, and Colombia. This strategy has allowed them to tap into diverse talent pools.

The quick adoption of nearshoring and e-migration strategies is transforming how companies engage with talent in Latin America. Nearshoring, the practice of outsourcing work to neighboring countries, leverages time zone compatibility and cultural similarities to streamline collaboration. E-migration takes this further, enabling professionals to contribute to global initiatives remotely from the comfort of their homes.

Over 2.2 million remote workers from countries like Brazil, Argentina, and Mexico are now contributing to global businesses without leaving their communities. Companies such as Google, Salesforce, and Adobe lead this trend, drawn to the region’s technical expertise, geographic proximity, and cultural alignment - referring to shared business practices and familiarity with Western markets.

Latin American governments have also bolstered this movement, creating strong ecosystems for these qualified professionals through initiatives like Brazil’s Digital Transformation Strategy, a comprehensive 2025-2026 plan to accelerate the adoption of digital technologies, improve infrastructure, promote innovation, and enhance cybersecurity. Shifts like these not only addresses talent shortages but also benefits local economies, and is ultimately a win-win for businesses and the region alike.

The Impact on Market Research and Business Intelligence

This evolution in business migration patterns increases the demand for market research and business intelligence. Companies need more sophisticated data about things such as regional salary benchmarks, benefits expectations, local labor laws, compliance requirements, cultural factors affecting workplace integration, educational institution partnerships, and talent pipeline development.

Looking Ahead: Market Research Implications

For market researchers and business intelligence professionals, these shifts create both challenges and opportunities. Traditional metrics for measuring workforce dynamics are becoming less relevant as companies adopt more fluid approaches to talent management. New methodologies are needed to track and analyze:

  • Cross-border talent flows and their economic impact
  • Remote work adoption rates and productivity metrics
  • Regulatory compliance costs and their effect on business decisions
  • Cultural integration success factors

Technology is also playing a crucial role in facilitating these new business migration patterns. Cloud-based workforce management systems, virtual collaboration tools, and compliance tracking platforms are becoming essential infrastructure for companies operating across multiple Latin American markets. Market research firms are increasingly focusing on how these technological tools are being adopted and adapted for local markets.

Conclusion

The evolution of business migration patterns in the Americas represents a fundamental shift in how companies approach talent management and operational strategy. For market researchers, understanding these changes is crucial for providing valuable insights to clients navigating this. The key to success in this ever-evolving environment lies in staying on top of current events, monitoring changes and trends in the technological and cultural landscape, and breaking down how regulatory shifts can impact businesses operating across the Americas.

latin americabusiness intelligencebusiness growth

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Disclaimer

The views, opinions, data, and methodologies expressed above are those of the contributor(s) and do not necessarily reflect or represent the official policies, positions, or beliefs of Greenbook.

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