The manufacturing sector is the backbone of many economies, driving innovation, creating jobs, and contributing significantly to GDP. However, a persistent challenge faced by the industry is the skills gap, hindering its growth and potential. In this article, we delve into the intricacies of the skills gap manufacturing and explore how nearshore manufacturing in Mexico […]
Low Labor Costs in Mexico: Top Ways Manufacturing Profits [2024]
Imagine a world where skilled workers are plentiful, eager to please, and available at a fraction of the cost you’re used to. Sounds like a fantasy, right? Well, for many manufacturers, low labor costs in Mexico are turning this dream into reality. This article delves into the various ways companies can leverage this advantage and […]
Proximity to Market Challenge: Mexico vs. China [2023]
It is crucial for your manufacturing operation to have an efficient supply chain and a short proximity to your market. Often, this is not possible if your business is dependent on shipping times from overseas. The establishment of manufacturing facilities overseas has long been regarded as a means of reducing labor and production costs; however, […]
Despite International Entrepreneur Setbacks, Nearshore Businesses Forge Ahead on US Soil
Foreign entrepreneurs and startups with designs on the US took a hit recently with Trump’s postponement of Obama’s International Entrepreneur Rule, which was set to go into effect on July 17, 2017. Now, with the rule’s effective date set back until March 14, 2018, and noise about rescinding the rule entirely, the impact on entrepreneurs […]
The NAFTA Negotiations: A Mexican Perspective
The launching of the North American Free Trade Agreement (NAFTA) negotiations on August 16, 2017 begs a serious and thorough discussion given what it is at stake for the three countries in terms of trade, investment, economic integration, competitiveness, jobs, shared production, and innovation. While a NAFTA modernization has been long overdue, this renegotiation was […]