One of the most rewarding aspects of my MBA has been the chance to explore international markets through the MBA’s annual winter Global Experience trip. Last year, I visited Mexico, diving into its economic landscape and focusing on nearshoring, a growing trend due to Mexico’s proximity to the U.S. and trade agreements like the United States-Mexico-Canada Agreement. Mexico’s strategic role in the global supply chain and its ability to reduce shipping times compared to Asia make it a vital business hub. While there, I gave a presentation on political risks such as economic inequality, trade uncertainties, and natural disaster vulnerabilities, highlighting the importance of strong risk management strategies.
This year, I had the opportunity to visit Peru, a country whose economy is largely driven by mining, agriculture, and tourism. However, these industries face political instability, corruption, complex regulatory frameworks, and environmental concerns. Engaging with local business leaders provided valuable insights into how these factors shape Peru’s risk landscape and its efforts to balance economic growth with sustainability. Beyond the business perspective, experiencing Peru’s rich culture, history, and tradition offered a deeper understanding of how these systemic issues and policies directly influence the daily lives and livelihoods of its people.
These experiences reaffirmed the value of a global approach to risk management. Mexico and Peru showcased unique opportunities and shared challenges, including political uncertainty and economic volatility. For example, Trump’s threat of tariffs on Mexican imports underscored the risks of trade policy shifts, creating disruptions for businesses dependent on cross-border supply chains. Similarly, Peru’s Chancay Port, a developing trade hub with Asia, represents both opportunities and risks. While it could position Peru as a strategic player in global trade, it also raises concerns about environmental impact, infrastructure readiness, and regional competition. These insights will undoubtedly shape my approach to navigating risks and seizing opportunities in international markets as I continue my career.
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