Knowing the principles of strategic sourcing in Mexico is a key element of success for companies that want to implement strategies to negotiate and better interact with Mexican suppliers. This article will explain the fundamentals of strategic sourcing in Mexico and how to apply them to improve the purchasing and supply process. Defining Strategic Sourcing […]
Supply Chain
Nearshoring: What is it, and how can it mitigate supply chain risks
Nearshoring is a production outsourcing model where a company subcontracts manufacturing in a nearby country such as Mexico. Manufacturing closer to home reduces supply chain risks. What is nearshoring? The concept of nearshoring is derived from “offshoring.” This is a mechanism by which companies transfer production processes to third parties located in distant destinations to […]
Nearshoring Manufacturing to Mexico in Times of Global Crisis
In recent decades, the phenomenon of offshoring, a strategy of shifting production to suppliers in distant lower-cost countries, mainly in Asia, has lost its appeal due to global challenges. As a result, more and more manufacturers are considering the option of relocating those links in their global supply chain to countries closer to their base […]
The Legal Way to Avoid Duties and Tariffs When Fulfilling Your Products in the United States
You can save a lot of money and time by keeping your US imports below $800 and utilizing Section 321 of the Tariff Act. You can save money and time on imports whether you’re a US company or a non-US company selling internationally. With this high de minimis value, importing goods to the U.S. has […]
Bain and Company: Is Your Supply Chain Ready for a Nafta Overhaul?
“But waiting for a clear sense of the future is the riskiest option. Successful companies thrive in uncertainty by incorporating change into their strategy process. Leadership teams can limit the negative consequences of Nafta withdrawal and currency moves by adopting an approach that anticipates a range of future scenarios. This approach also applies to companies […]
