Latin America and the Caribbean (LAC) will resume economic growth in 2022, after contracting by 6.7% in all countries due to the effects of the pandemic last year. The recession caused by the epidemic will take years to recover from, and those living in poverty will continue to be the most affected.

Investing and setting up factories in Latin America as part of the global supply chain can supply nearby North American or European markets.

Manufacture all related machinery and design, replace manpower with mechanization, fully reduce personnel costs and increase efficiency, the upstream part is mostly component suppliers, the downstream is the manufacture of terminal machinery products, most of them are engaged in industrial machinery, responsible for assisting other industries in manufacturing and work.

Industry determines the scale and level of national economic modernization, plays a leading role in the contemporary world national economy, and is the fundamental guarantee for a nation’s economic independence, political independence, and national defense modernization. Industry is divided into two categories: The sector that consists of large industries that are highly capital intensive is called heavy industry, and the sector generally composed of smaller industries, more focused on the production of smaller consumer products is called light industry.

The Southeast Asian Manufacturing Alliance, initiated by Singapore, is mainly characterized by orderly and divided industrial zone planning. Singapore is a market entry hub and a high-tech development center.

As one of the fastest-growing emerging economies in the world, India has a huge demographic dividend and is expected to catch up with China to become the world's most populous country. Coupled with its solid training in scientific and technological talents and its advantages in English, it has attracted a large amount of foreign investment. India is considered will become the new world factory.