Low labor costs are one of the most appealing advantages of moving manufacturing to Mexico. As a result, many manufacturing companies use product assembly in Mexico, a labor-intensive process. Some manufacturers choose to produce in other countries than Mexico, and then assemble the final product in Mexico’s factories. A finished or semi-finished product is constructed […]
Supply Chain
Nearshoring: Mitigating Supply Chain Risks through Strategic Proximity
In an increasingly interconnected global economy, supply chain management has become a critical aspect of business success. The COVID-19 pandemic highlighted the vulnerabilities of complex, far-reaching supply chains, prompting companies to explore more resilient alternatives. Nearshoring has emerged as a strategic solution, offering businesses a way to mitigate supply chain risks while capitalizing on geographical […]
Nearshoring Manufacturing to Mexico in Times of Global Crisis
In an era marked by global uncertainties and rapid disruptions, businesses are seeking resilient solutions to navigate the turbulent waters of supply chain management. One strategy that has gained significant traction is nearshoring manufacturing to Mexico. This proactive approach offers a host of benefits that not only enhance business continuity but also position companies to […]
Section 321: A Legal Way to Avoid Duties and Tariffs
At NovaLink, we understand the challenges faced by businesses when it comes to fulfilling orders and managing customs duties and tariffs. In this comprehensive guide, we will provide you with valuable insights and strategies to legally avoid duties and tariffs using Section 321 of the U.S. Customs and Border Protection regulations. Our goal is to […]
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 […]