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 […]
Mexico
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.
What is the IMMEX Program?
The IMMEX program is a manufacturing solution created in the 1960’s to utilize preferential tariff agreements between the U.S. and Mexico & to encourage foreign investment in that country. The IMMEX program is an acronym in Spanish for “Manufacturing, Maquila and Export Services Industries Program” (Industría Manufacturera Maquiladora y de Servicio de Exportación). More commonly, […]
What are some common mistakes companies are making in Manufacturing in Mexico?
For starters, assuming they know enough about Mexico to dive in and do it alone. Secondly, committing to an overhead structure that they must grow into rather than starting with a partner that allows them to grow into their needs. With NovaLink, it is up to the client. We welcome expat involvement and work diligently to make […]
Do I need to understand Spanish or have someone in my organization that does to Manufacture in Mexico?
It never hurts, but, no. NovaLink has a bilingual staff at the management levels that will be dealing with your personnel. Aside from this, at the corporate level, the executive management and many of the upper management are fully bilingual.
