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 […]
Mexico
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 […]
How changes to NAFTA rules of origin could threaten supply chains
Modifications and revisions to the North America Free Trade Agreement (NAFTA) will impact sourcing decisions, supplier relationships, existing contracts and agreements and logistics. Once dismissed as campaign bluster, negotiations recently began with United States trading partners Mexico and Canada to revamp major sections of this important trade agreement. Primary negotiations are focused on the rules of origin. […]