Globant to support YPF in the acceleration of its digital transformation by applying artificial intelligence

Rhea-AI Summary

Globant and YPF, Argentina's leading energy company, have signed a Memorandum of Understanding to accelerate YPF's digital transformation through artificial intelligence. The partnership focuses on modernizing YPF's Supply Chain operations, which manages 5,000 suppliers and over 100,000 products and services.

The collaboration will implement AI-powered tools to create an innovative operating model that continuously learns, makes complex decisions, and ensures compliance with company policies. This initiative aligns with YPF's "Plan 4x4," targeting $30 billion in exports by 2030.

As the largest shale oil operator globally outside the United States, YPF aims to enhance operational efficiency and global competitiveness through this digital transformation. The partnership leverages Globant's expertise in AI and technology solutions to streamline YPF's entire value chain, reduce operational friction, and scale capabilities.

Positive

• Strategic partnership with YPF, Argentina's leading energy company and largest shale oil operator outside US
• Access to YPF's large-scale operations with 5,000 suppliers and 100,000+ products/services portfolio
• AI implementation project aligned with YPF's $30B export target by 2030
• Expansion into energy sector digital transformation, diversifying Globant's client base

Negative

• Early stage MoU only - no confirmed contract value or revenue impact disclosed
• Project implementation risks in complex supply chain transformation

News Market Reaction

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Data tracked by StockTitan Argus on the day of publication.

BUENOS AIRES, Argentina, April 30, 2025 /PRNewswire/ -- Horacio Marín, President and CEO of YPF -leading energy company of Argentina and largest shale oil operator in the world outside the United States- and Martín Migoya, Co-founder and CEO of Globant -a digitally native company focused on reinventing businesses through innovative technology solutions- have signed a Memorandum of Understanding (MoU) that marks a significant milestone in the transformation of YPF's Supply Chain operations.

"This alliance supports the work we are doing at YPF to become increasingly efficient. We compete with the world's leading players, and our suppliers play a key role in our competitiveness. We trust that Globant's expertise will help us implement new tools to better manage YPF's entire value chain," said Horacio Marín, President and CEO of YPF.

"Collaborating with YPF is both a challenge and a privilege. Founded over 100 years ago, YPF was a pioneer in showing the world what Argentines are capable of. Having them put their trust in Globant to explore how to modernize their processes using AI developed in Argentina fills me with pride," said Martín Migoya, Co-founder and CEO of Globant.

YPF manages a portfolio of approximately 5,000 suppliers and handles more than 100,000 products and services, making the Supply Chain area a strategic component in the company's operations and its ongoing quest for efficiency.

This agreement will allow YPF to leverage Globant's deep knowledge and capabilities in Artificial Intelligence and AI Agents to create an innovative, integrated operating model. This model will continuously learn and evolve, make complex decisions through expert-supervised algorithms, and ensure compliance with the company's internal policies and standards.

These tools will reduce operational friction, improve efficiency, and scale capabilities across the entire supply chain.

This alliance reinforces YPF's ongoing efforts under its "Plan 4x4," which aims to enhance operational efficiency across all areas of the business and position the company as a globally competitive player, with the goal of generating $30 billion in exports by 2030.

About YPF

YPF is Argentina's leading energy company and the country's top producer of shale oil—ranking as the largest shale oil operator in the world outside the United States. With a presence across the entire energy value chain, YPF operates in Vaca Muerta, leads in refining and electricity generation, invests in renewable energy, and manages a nationwide network of more than 1,600 service stations.

For more information, visit www.ypf.com

About Globant

At Globant, we create the digitally-native products that people love. We bridge the gap between businesses and consumers through technology and creativity, leveraging our expertise in AI. We dare to digitally transform organizations and strive to delight their customers.

• We have more than 31,200 employees and are present in 35 countries across 5 continents, working for companies like Google, Electronic Arts, and Santander, among others.
• We were named a Worldwide Leader in AI Services (2023) and a Worldwide Leader in Media Consultation, Integration, and Business Operations Cloud Service Providers (2024) by IDC MarketScape report.
• We are the fastest-growing IT brand and the 5th strongest IT brand globally (2024), according to Brand Finance.
• We were featured as a business case study at Harvard, MIT, and Stanford.
• We are active members of The Green Software Foundation (GSF) and the Cybersecurity Tech Accord.

Contact: pr@globant.com
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SOURCE GLOBANT

FAQ

What is the value of Globant's (GLOB) new AI partnership with YPF in 2025?

The press release does not specify the monetary value of the partnership. However, it will support YPF's 'Plan 4x4' which aims to generate $30 billion in exports by 2030 through operational efficiency improvements.

How will Globant's (GLOB) AI technology improve YPF's supply chain operations?

Globant's AI technology will create an integrated operating model that learns continuously, makes complex decisions through expert-supervised algorithms, reduces operational friction, improves efficiency, and ensures compliance with YPF's policies across their 5,000-supplier network.

What is the scope of YPF's supply chain that Globant (GLOB) will transform?

YPF's supply chain includes approximately 5,000 suppliers and manages over 100,000 products and services, making it a strategic component of the company's operations.

How does the Globant-YPF partnership align with YPF's Plan 4x4 goals?

The partnership supports YPF's Plan 4x4 by enhancing operational efficiency through AI implementation, contributing to YPF's goal of becoming globally competitive and achieving $30 billion in exports by 2030.

What specific AI capabilities will Globant (GLOB) provide to YPF?

Globant will provide AI and AI Agents capabilities to create an innovative operating model that can learn, evolve, make complex decisions through supervised algorithms, and ensure compliance with company policies.