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 […]
IMMEX
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 […]
Best Practices for Managing a Maquiladora Workforce in Mexico
When managing a maquiladora, there are many factors to consider. From understanding cultural differences to navigating labor laws, managing a maquiladora workforce can be challenging. However, with the right strategies, you can unlock significant opportunities for growth and efficiency. A nearshore manufacturing partner like NovaLink can make this journey smoother by ensuring compliance, boosting productivity, […]
Maquiladora vs. Shelter Program: What’s the Difference and Which is Right for Your Business?
When considering manufacturing in Mexico, two primary models often come up: the Maquiladora vs. Shelter program. Both offer distinct benefits, but choosing the right one depends on your business’s specific needs. This article will discuss the differences between the two models and help you determine which is most suitable for your company. Plus, we’ll explore […]