Shipping Bottlenecks in Latin America Breed Corruption
Latin American ports have received their fair share of bad press in recent years. Just this November,
the Mexican army took over security operations at the port city of Lázaro Cárdenas as part of
continuing operations to fight the Knights Templar cartel. The local port has long been a hotbed for the
group's illegal trade and extortion rackets, and will be a critical test case for the Mexican government in
its fight against the infiltration of organized crime among weak local and state authorities.
Over the last two decades, growing international trade has fueled a steady rise in the volume of shipping traffic passing through Latin American ports. At the same time, capacity at those ports has failed to keep pace. The resulting congestion has created an environment that is ripe for corruption.
A new report from Control Risks examines the factors behind the rise in corruption, its effect on business, and how companies have mitigate these risks.
To read the full report, click here.