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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 Sources: [link] [link] The post Why U.S. 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. Workforce Availability 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. Sources: [link]. With the “Great Resignation” gaining steam in the U.S., economy up to $1 trillion.

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Rising Prominence of Africa in Technical Support and Other Value-added Services

Everest Group

Africa has been part of the sourcing strategy of numerous Information Technology (IT) and BPS leaders in the Europe, Middle East, and Africa (EMEA) region for quite some time. Cost arbitrage: Some countries in Africa offer highly-attractive cost arbitrage compared to source geographies. trillion by 2030, according to market forecasts.

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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]. From 1993-2020, bilateral trade between the U.S.