Mexico’s textile industry, a cornerstone of the nation’s economy, employs approximately 400,000 individuals and significantly contributes to the country’s GDP. Recognizing the challenges posed by global competition and imported goods, President Claudia Sheinbaum has enacted decisive measures to protect and strengthen this vital sector. Introduction of Elevated Tariffs on Textile Imports On December 19, 2024, […]
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How Reshoring is Revolutionizing Supply Chain Models
There has been a dramatic shift in the global supply chain landscape over the last few years. More companies are opting to bring manufacturing and supply chain operations closer to home, a trend known as reshoring. This approach holds significant potential, not only for businesses but also for the economy. Reshoring supply chains, particularly to […]
USMCA Pros and Cons: A Comprehensive Analysis of the United States-Mexico-Canada Agreement
The United States-Mexico-Canada Agreement (USMCA), which replaced the North American Free Trade Agreement (NAFTA) in 2020, has significantly impacted North American trade with its enhanced standards. Implementing noteworthy updates to digital trade, labor laws and environmental provisions, the USMCA has garnered both support and criticism. To navigate its implications effectively, understanding USMCA Pros and Cons […]
Why Mexico is the Ideal Choice: A Comprehensive Business Case for Manufacturing
Companies today seek locations that offer a good mix of cost efficiency, skilled labor, and proximity to key markets. Mexico has emerged as an ideal choice for manufacturers looking to optimize their operations. This article lays out our business case for manufacturing in Mexico and explores the various reasons why Mexico is a compelling destination […]
Mexico’s Leading Exports: Driving Global Trade and Economic Growth
Mexico has become a significant player in the global economy, boasting a wide array of exports that span multiple industries. Its strategic geographical location, trade agreements, and industrial capabilities have positioned it as a leading exporter in various sectors. Below, we examine Mexico’s primary exports and explore how they contribute to its economic power. Automotive […]