Remove 2020 Remove Jobbing Remove Nearshoring Remove Sourcing
article thumbnail

Preparing for the Advancement of Nearshoring to Mexico

Ivemsa

billion USD in 2020. 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.

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

professionals

Sign Up for our Newsletter

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

article thumbnail

How Much Can You Expect to Spend for Nearshore IT Services?

Future of Digital Sourcing Nearshoring

Nearshoring digital transformation projects is becoming the fastest route to success for today’s businesses given the great worker resignation and the tech talent shortage, says Carlos Meléndez, COO and Co-Founder of Wovenware. He shares four key considerations to select the right nearshore partner.

article thumbnail

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

Future of Digital Sourcing Nearshoring

In June 2020, in response to the coronavirus, President Trump signed an executive order to freeze access to new H-1B visas for professional and technology workers doing business 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

BPO Outsourcing Trends in 2023: What Should We Expect?

Customer Serv Outsource Smarter

If 2020 and 2021 were years of change, transformation, and tumult in the business process outsourcing (BPO) world, how do we describe 2022 ? During the COVID surge of 2020, the primary focus for BPOs was a rapid shift to work-at-home with a massive investment in remote architecture, training, systems, security, and agent collaboration tools.

BPO 52
article thumbnail

Why U.S. Manufacturers Are Operating in Mexico Now More Than Ever

Ivemsa

USMCA Rules of Origin The USMCA was officially enacted in 2020 and provides U.S. manufacturers incentives for nearshoring to Mexico. million manufacturing jobs are projected to go unfulfilled. Plus, labor rates in Mexico are a fraction of the cost for similar jobs in the U.S. Sources: [link] [link] The post Why 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. federal government of fall 2020). Aside from the financial benefits, tech professionals are finding good paying jobs.