You’ve probably heard the buzz. Mexico is booming as a manufacturing hub, and companies are either moving in or eyeing it hard. But that doesn’t mean it’s right for every business. So let’s tackle the question head-on: Is your business a good fit for Mexico? It’s not just about low wages or avoiding tariffs. It’s […]
Mexico
Bloomberg: Four Reasons Mexico Is Becoming a Global Manufacturing Power
Mexico is beginning to beat China as a manufacturing base for many companies despite its higher crime rate, according to a new report from Boston Consulting Group. Mexico’s gain is a plus for the U.S. because Mexican factories use four times as many American-made components as Chinese factories do, says the consulting firm.
CNBC: Some Manufacturers Say ‘Adios’ to China
Robert Moser moved the manufacturing of his company’s lines of cleaning products and kitchen gadgets to China during the last decade. Now his company is moving its manufacturing again—to Mexico. “When you look at total costs, you’re pretty much at parity,” says Moser, president of Casabella, based in Congers, N.Y.
LinkedIn: The Advantages of Manufacturing in Mexico
Manufacturing Mexico allows American companies to save costs and use a greater portion of their profits for research and product development. This, in return, would increase more production to be manufactured in Mexico. The maquiladora industry provides Mexico with good employment, economic stability, and foreign exchange. A win-win relationship, indeed.
Reshoring from China: The Changing Landscape of Global Manufacturing
In recent years, the concept of reshoring has gained significant attention in the business world. Reshoring refers to the process of bringing back manufacturing and production operations to the home country from overseas, particularly from countries like China. Let’s be blunt—55% tariffs aren’t just a squeeze. They’re a chokehold. If your business is still importing […]