Latin America and the Internet visiting San Pablo, Rio de Janeiro, Montevideo, Santiago de Chile and Buenos Aires.
As I have mentioned in the last few days, I have been touring the region. I started with San Pablo, Rio de Janeiro, Montevideo, Santiago de Chile and Buenos Aires.
The region was strong and thriving as always, beyond all the issues that we discussed every day in our talks. People go out and go to work, travel, study, teach, etc.
In San Pablo, the great city of Latin America, with a lot of vibes and moving without stopping or looking at those who are left to the side. The traffic seemed a bit better than the last visit.
I noted Rio lovely and romantic as always and on the issues of violence that everyone speaks, I saw very little. The areas of the Center, Copacabana and Ipanema I saw nothing different than all the times I was out there. I went out at night and walked through Ipanema, I did not see anything that makes me think that security is worse or better today than before.
In Montevideo I saw little Switzerland moving, modern, thriving, sophisticated, Not only is the financial business, there are also grain companies, logistics, medicines, and many more. All taking advantage of Mercosur and refereeing each other. All very modernized and working very well.
But the real observation is that there is almost no one who does not own a smartphone from the most expensive iPhone to the humblest Chinese models (this among other things allows a proliferation of Uber super efficient and cheap). The problem with that is that Internet networks are saturated all the time and can not cope. In São Paulo it is almost impossible to have a phone that works. Buenos Aires is not much better. Only Montevideo and Santiago have a reasonable infrastructure for now.
The growth and major developments of the coming years come from the command of the internet, create content, services, applications such as Uber, Dropbox, Amazon Alexa, Purchases and deliveries of products and services at home, Venmo, direct payments from person to person , Paypal, Mercado Libre and many more that we still do not know yet.
But all this depends on the people, on all the young entrepreneurs and programmers having reliable, fast and secure access to the Internet.
What was once the railroad, which allowed connecting those parts that did not have access to maritime traffic, the only system that allowed then to carry large loads, with the rest of the world. That brought progress, culture, immigrants, European fashion and much more. Argentina was a good example, it had one of the largest rail networks in the world, that allowed it to grow much more than its neighbors.
It is key that Latin America has an adequate Internet infrastructure, otherwise it will be back against the rest of the world. At Winston Capital we have almost all our suppliers in the region. Many times they suffer a lot to finish work on time, which by the way is of the best international quality, because of having a defective or very defective access to the Internet.
Our supplier in Venezuela, who publishes the videos, had to send a person to Costa Rica to improve their service.
It is imperative to demand that the region not run out of its railroad for the next 30 years, otherwise we will have many missed opportunities.