Remove Engineering Remove Jobbing Remove Nearshoring Remove Sourcing
article thumbnail

Nearshoring to Mexico: Is It Cheaper Than the U.S.?

Ivemsa

Many factors over the years have led to a surge of foreign operators nearshoring manufacturing to Mexico. Lower labor costs when nearshoring to Mexico Labor costs are the majority of operational expenses to account for when launching production. Though each job level differs in base wages, across the board, they are less in Mexico.

article thumbnail

Preparing for the Advancement of Nearshoring to Mexico

Ivemsa

This program allows foreign manufacturers exemption from the 16% VAT tax on temporarily imported goods and materials, making it one of the key advantages incentivizing nearshoring to Mexico for foreign operators. One of the biggest advantages of nearshoring to Mexico is the highly-skilled, cost-effective workforce.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

5 Reasons Companies Are Nearshore Manufacturing to Mexico

Ivemsa

They join several of the top global leaders in the manufacturing industry that have benefited from the advantages of nearshoring to Mexico for decades. Here are five reasons companies are nearshoring manufacturing to Mexico as part of their strategic operations. #1: million unfulfilled jobs by 2030. could result in 2.1

article thumbnail

There’s Plenty of Room at the Table for Nearshore and H-1B Visa Holders

Future of Digital Sourcing Nearshoring

Those that agree with the H-1B restrictions order tout the fact it will bring jobs back to the newly unemployed who have been impacted by the sudden economic shift brought on by the pandemic in the U.S. In fact, nearshoring has always been a reliable way for companies to leverage tech talent and resources closer to home.

article thumbnail

Monterrey Ignites Industrial Growth Along the U.S./Mexico Border

Ivemsa

Nearshoring to Mexico continues to be a go-to strategy for U.S. Over 11,000 technicians graduate every year, along with 5,800 engineers, and 20,000 students receiving Bachelor’s degrees. With manufacturing being a core industry in Monterrey, foreign operators will have an easier time with job placement to fulfill open roles quickly.

article thumbnail

Monterrey Leads the Way in Metal Fabrication: What This Means for the U.S.

Ivemsa

and other foreign manufacturers working in the construction, automotive, and engineering sectors. They can benefit from the advantages of nearshoring to Mexico without having to set up their own entity. This includes job roles like welding, burning, and machining. This is specifically valuable for U.S.

article thumbnail

Could Puerto Rico Become the Next Big Tech Haven?

Future of Digital Sourcing Nearshoring

Related news: Are You Getting the Most Out of Your Nearshore Digital Transformation Partner? During the 2006 economic downturn in Puerto Rico, many jobs were lost and people left the island. Aside from the financial benefits, tech professionals are finding good paying jobs. The Nearshore Model is the Best of Both Worlds.