Remove 2030 Remove Labor Costs Remove Nearshoring Remove Sourcing
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. 2: Competitive Costs.

article thumbnail

3 Key Factors Benefiting the Growth of Manufacturing in Mexico

Ivemsa

is Mexico’s leading source of FDI, amounting to $100.9 With older generations retiring and younger generations seeking alternative employment and career opportunities, it’s been forecasted the lack of skilled workers could cost as much as $1 trillion USD by 2030. Sources: [link]. Meanwhile, the U.S.