On 19 March 2025, in Puerto Madryn (Chubut), retirees and members of various organizations, including La Campora and the Council of Senior Citizens, marched through the city center, starting and ending at the square in front of the Deliberative Council in support of the retirees' demands for better pensions. Similar demonstrations took place in different cities.

Supply-chain Risk Briefing

1) Summary On March 19, 2025, peaceful protests demanding pension improvements occurred in Puerto Madryn, Chubut Province, Argentina. Retirees and civic groups marched in the square in front of the city council, with similar protests taking place simultaneously in other cities. This is currently classified as a low-risk, peaceful protest.

2) Supply-chain impact

• Puerto Madryn is a major port city in the Patagonia region and a center for wool and fishery exports as well as aluminum smelting industry, but no direct operational disruptions due to the current protests have been reported
• Chubut Province is a key region for Argentina's oil and natural gas production, but the protests focused on pension improvement demands pose limited immediate threats to energy infrastructure
• The protests show signs of nationwide spread, with potential spillover to major industrial areas or logistics hubs, but the peaceful nature keeps the risk of serious supply-chain disruption low
• No specific impacts on port operations or overland transportation networks have been confirmed to date

3) Watch points

• Need to track the scale of nationwide protest spread and whether it spills over to major industrial and logistics centers such as Buenos Aires
• Monitor whether the protests maintain their peaceful nature or escalate to a level that substantially affects infrastructure facilities or logistics operations