While it might sound beneficial for the U.S., as on paper it would indicate more domestic manufacturing, removing the TPL would prevent U.S. companies from enjoying the duty-free shipment of products made with internationally-sourced materials. Really, the only ones who would benefit would be companies that both source and manufacture domestically. And while those companies […]
News
China’s October Factory Output Weakens
Chinese manufacturing activity expanded in October at a slower pace than in the previous month as output weakened on softer demand in the world’s No. 2 economy, according to an official survey released Tuesday. The purchasing managers’ index fell to 51.6 from September’s 52.4, based on a 100-point index on which the 50 mark divides […]
Closing the Skills Gap in Manufacturing: Exploring the Role of Nearshore Manufacturing in Mexico
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, […]