Ivemsa

JULY 31, 2023

Though nearshoring to Mexico is not a new strategy, it is one more companies are considering for the future. It’s received greater attention in recent years because of increasing conflicts regarding trade with Asia, as well as the slowdown of supply chains during the pandemic in 2020. in terms of reduced costs and worker availability.

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Ivemsa

APRIL 6, 2022

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.

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Ivemsa

OCTOBER 6, 2021

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: 2: Competitive Costs. mostly because of its cheap labor cost.

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Ivemsa

APRIL 7, 2022

Nearshoring manufacturing to Mexico has its advantages over operating in China, though there are frequently asked questions that must be answered in order to help make a decision. manufacturers nearshoring to Mexico can often receive shipments within the same day they are shipped out, depending on how close facilities are to the U.S./Mexico

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Ivemsa

MAY 20, 2022

remains Mexico’s top source of foreign direct investment (FDI) at just over 39%, or $100.9 from 1993-2020. These numbers exemplify the security and growth of nearshore manufacturing in Mexico and how the IMMEX maquiladora industry has continued to thrive. establishing a maquiladora is a viable, cost-effective solution.

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Ivemsa

OCTOBER 21, 2021

In 2020, the updated USMCA was enforced, favoring trade within North America. Bureau of Labor Statistics, retaining an older workforce equals higher labor costs for those who do work beyond retirement age. Source: [link]. USMCA Provisions. There are fewer workers available and willing to take industrial jobs.

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Ivemsa

DECEMBER 29, 2021

and other foreign manufacturers largely due to its cheap labor costs, which were once low enough to offset the expenses of shipping goods overseas. Lower Transportation Costs and More Predictable Timelines. However, with the implementation of the USMCA in 2020, it further solidified the strong relationship between the U.S.

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