Business Latin America

  Ericsson helps Nestlé deploy first private 5G network in Latin America In Latin America, the emergence of IoT and edge computing has made 5G adoption an imperative in almost every facet of new technology. With this emergence comes the need for higher data processing speed, more network reliability, ultra-low latency and huge network capacity. All these requirements are mostly driven by edge computing and 5G networks. Source. Tech Republic Ericsson’s latest 5G deployment at Nestle may be laying a foundation for the rapid growth of industry 4.0 across Latin America. The Latin America edge computing market is expected to reach $440 million by 2023, with an expected CAGR growth of 31.1 percent. A recent GSMA Intelligence consumer survey forecasts the growing demand for 5G networks in Latin America. The survey points out that the 5G market in Latin America is heating up and consumers are willing to pay extra for their 5G mobile subscription compared with what they pay for their cu

Bimbo, Nestle join battle against food waste in Latin America, Caribbean The Inter-American Development Bank (I.D.B.) has brought together food and technology companies to fight food waste in Latin America and the Caribbean. According to the organization, more than 127 million tons of food per year goes unused in the region while nearly 42 million residents grapple with undernutrition. IBD’s #SinDesperdicio (#NoWaste) initiative seeks to bring better public policies and innovative outreach to the area with help from Grupo Bimbo, Nestle, Coca-Cola Co., Dow Chemical, the FEMSA Foundation, IBM and Oxxo. Other strategic partners include the United Nations Food and Agriculture Organization, the Global Food Banking Network, the Consumer Goods Forum, and the World Resources Institute. The initiative’s goals align with the Food and Agriculture Organization of the United Nations’ Sustainable Development Goals 12.3 that asks all nations to halve food waste and reduce food loss by