Companies considering reshoring manufacturing to Mexico may encounter several challenges. It’s essential to be aware of these potential obstacles and plan accordingly. Here are some challenges to anticipate: By proactively addressing these challenges and developing comprehensive plans, companies can enhance their chances of a successful reshoring initiative in Mexico. Engaging with local experts and building […]
Manufacturing
What are the main advantages of manufacturing electronics in Mexico?
Manufacturing electronics in Mexico offers several advantages that make it an attractive choice for companies. Some of the main advantages include: These advantages make Mexico an appealing choice for electronics manufacturing, allowing companies to capitalize on the benefits of cost-effectiveness, proximity to markets, skilled labor, and a supportive business ecosystem.
Why Are Companies Moving Manufacturing out of China?
Manufacturing is a major industry in China, as we know. A third of supply chain leaders plan to move manufacturing out of China by 2023, according to Gartner research. There are several reasons why companies are moving manufacturing out of China: Overall, the combination of rising costs, supply chain disruptions, geopolitical tensions, and intellectual property […]
What Are The Immex Program Requirements?
The companies eligible to benefit from the IMMEX program must export finished products worth at least US $500,000. Their export revenues must also account for at least 10% of their annual sales.
Do You Have a Minimum Order Quantity (MOQ)?
It is common practice in manufacturing to set a minimum order quantity (MOQ), which is the fewest amount of units that need to be purchased at once. Manufacturers or suppliers usually use MOQs for production runs, but a manufacturer can set them for different types of orders. At NovaLink, we do not establish relationships with […]