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An Insider’s Look at Why Automotive Manufacturers Are Nearshoring to Mexico

Ivemsa

For decades, nearshoring to Mexico has been integral for automotive manufacturers. Additionally, with California’s push to have all EVs on the road by 2030, having the support of nearshore manufacturing will help to accomplish this goal. Read more: Is Nearshoring to Mexico Sustainable? With the U.S. Contact IVEMSA today.

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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

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

Ivemsa

manufacturers incentives for nearshoring to Mexico. By 2030, 2.1 Here are other benefits U.S. manufacturers can consider. Read more: FAQ on Manufacturing in Mexico. USMCA Rules of Origin The USMCA was officially enacted in 2020 and provides U.S. Under the USMCA, 75% of auto content is required to be made in North America.

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Medical Device Manufacturing in Mexico: How Shelter Companies Champion Growth

Ivemsa

Globally, the medical device industry is expected to grow from $536 billion in 2023 to nearly $800 by 2030. manufacturers are seeing the benefits of nearshoring to Mexico as a way to save costs and meet market deadlines. market for medical devices. However, growth isn’t limited to a single state. As a result, a rising number of U.S.

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Three Leading Sectors Benefiting from Manufacturing in Mexico

Ivemsa

operators are considering nearshoring for the first time. It has chosen Monterrey for its next factory location as it expands worldwide production to reach a goal of 20 million electric vehicles per year by 2030. Tesla is among one of the many global companies that have recently announced expansion.

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Why Should My Business Manufacture in Mexico?

Ivemsa

Mexico is a top option for many foreign manufacturers wanting to nearshore or reshore their production. It’s been reported over two million manufacturing jobs will sit empty through 2030, which could ultimately cost the U.S. With the “Great Resignation” gaining steam in the U.S., economy up to $1 trillion.

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Egypt: A Safe Bet in the MEA Region in Unstable Times? | Blog

Everest Group

Moreover, Egypt is experiencing growing demand for BPO talent, surpassing other prominent offshore/nearshore locations, as illustrated below, which demonstrates its increasing delivery capabilities. This is primarily due to sharing the same time zone with Israel, which facilitates collaboration.