June 4 (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.