Inflation, Supply Chain Woes Hit Chinese Supermarkets in Argentina

Supermarket owner in Buenos Aires. Image via iProfessional.

Supply chain disruptions and inflation are driving Chinese shopkeepers out of Argentina’s major cities to the countryside and even to neighboring countries. An Asian business association said rising rents and staff costs mean owners are increasingly considering moving to Bolivia, Chile, Ecuador, or Paraguay.

Few Chinese supermarkets reportedly remain in Buenos Aires’s central neighborhoods, and they’re rapidly disappearing from other major cities too. Contracted annual rent increases are contributing to narrowing margins.

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by Cobus van Staden

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