Accenture has acquired Brazilian creative agency Soko, adding a team of around 300 staff to its Droga5 subsidiary. Founded in 2015, Soko is one of Brazil’s leading creative and advertising agencies, both in terms of size (300 staff) and awards under its belt – these include international recognitions gained at The Effies and the Cannes Lions Festival.
Global IT services company Tata Consultancy Services has announced plans to double its team in Londrina, adding to its already large presence in the Brazilian market. India-headquartered Tata Consultancy Services has been operating in Brazil for over two decades, with current operations in Londrina, São Paulo and Rio de Janeiro.
Global sustainability-focused consulting firm ERM has made two senior appointments in Brazil. Paulo Santos, who has been leading ERM in Brazil for the past five years, has been appointed as Chief of Operations for the Latin America region.
Ecuador’s former Minister of Finance, Richard Martinez, has joined Alvarez & Marsal as a Senior Advisor in its Latin America business. Appointed a member of the firm’s Sovereign Advisory Services practice, Richard Martinez brings extensive experience in public policy and finance to the global consulting firm.
Global technology services company EPAM has acquired Vates, a software development company with offices in Argentina and Chile. US-headquartered EPAM has added more than 500 professionals in Latin America through the acquisition of Vates, lifting its headcount in the continent to over 3,000 staff.
Nearly two thirds of people in Latin America have had deferred medical care at some point in the past year, according to a survey of more than 4,200 healthcare consumers from McKinsey & Company. Affordability and inaccessibility were the two main reasons behind the trend.
Brazilian telecom costumers show a relatively high willingness to switch operators. Over 40% are considering switching their mobile or fixed internet provider, with just under 20% saying they are looking to do so within the next two years.
FTI Consulting has boosted its Litigation & Dispute Resolution practice with former Mexican government official Jose Alberro. Bringing a 40+ year career to the global management consulting firm, Jose Alberro has had a distinguished career in the Mexican government.
Following previous cyber-focused acquisitions in Brazil, Accenture has now turned to inorganic growth in the Mexican market, absorbing Mexico City-based Mnemo into its ranks. Founded in 2012, Mnemo has around 230 staff specialised in cybersecurity managed services.
With green hydrogen production picking up steam in Brazil, it is currently feasible to manufacture the resource at a select few locations at a cost ranging from $ 2.87 per kilogram to $ 3.56 per kilogram.
Last year, a large university in Peru tapped global consulting firm Palladium as a partner to support its startup incubator program. The project offers chosen entrepreneurs a valuable six-week boot camp with support and guidance, positioning entrepreneurs on a path to success.
In 2020, LATAM Airlines, the Chilean flag carrier, filed for chapter 11 bankruptcy. Now three years on, after a remarkable recovery, the story of their mega-restructuring process has bagged a global turnaround award.
Anthesis has boosted its presence in Colombia through the merger of its local team with ConTREEbute, a sustainability and digital company based in Medellín and Bogotá. With over 1,300 experts, Anthesis is one of the world’s leading sustainability consultancies.
Global consulting firm FTI Consulting has boosted its senior team in Brazil with the hire of Ricardo Indalecio. Appointed a Managing Director within the firm’s Forensic & Litigation Consulting division, Ricardo Indalecio brings more than 20 years of experience as an auditor and forensic consultant to the firm.
Accenture has invested an undisclosed amount in Parfin, a Brazilian company that provides Web3 infrastructure services to financial institutions across Latin America. Founded in 2019, with headquarters Rio de Janeiro, Parfin offers digital asset custody, trading, tokenization and management tools to some of Latin America’s largest financial institutions.
Accenture has purchased Green Domus, a São Paulo-based sustainability consultancy with around 30 staff. Founded in 2005, Green Domus helps clients design and implement a range of sustainability services with a focus on measurable decarbonization strategies.
USAID’s Sustainable Agriculture Activity – a five-year, $ 50 million project that aims to support legal, profitable, and sustainable agricultural businesses – has selected Palladium to support a project in Colombia.
Brazilian slaughterhouses will be affected by a law passed by the European Parliament in December of 2022 that aims to ban the import of leather linked to deforestation. With Brazil the world’s largest exporter of beef, slaughterhouses are a key economic segment of the country’s economy.
A prolonged period of drought has led to a massive drop in Argentina’s agricultural exports, seeing US dollar reserves of the Central Bank of Argentina depleted to an alarming level. Argentina is the world’s top exporter of soy oil and flour, and is third in corn exports.
Sales of electric vehicles (EVs) in Brazil are expected to increase significantly, reaching around 35 million vehicles by 2040 – and the increased use of EVs will likely lead to a big decrease in fossil fuel consumption.
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