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5 Reasons Companies Are Nearshore Manufacturing to Mexico

Ivemsa

The manufacturing industry is ever-evolving, and there’s been a particular shift that’s picked up steam over the past several years. They join several of the top global leaders in the manufacturing industry that have benefited from the advantages of nearshoring to Mexico for decades. million unfulfilled jobs by 2030.

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Nearshoring to Mexico: Is It Cheaper Than the U.S.?

Ivemsa

Many factors over the years have led to a surge of foreign operators nearshoring manufacturing to Mexico. Though the concept is decades-old, challenges with manufacturing in China and lingering effects from the global pandemic have caused Mexico to be in the spotlight once more. and Mexico makes it an optimal choice.

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Three Leading Sectors Benefiting from Manufacturing in Mexico

Ivemsa

Mexico has been a manufacturing leader but has recently surpassed China as the top trade partner with the U.S. and other foreign manufacturers expanding their operations can depend on the blueprint that Mexico has in place. operators are considering nearshoring for the first time.

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Preparing for the Advancement of Nearshoring to Mexico

Ivemsa

Manufacturing has evolved over the past 30 years from what was mostly a closed economy to becoming one of the largest export-driven, open economies in the world. manufacturing leaders said their company has reshored at least a portion of their operations, with an additional 22% revealing plans to reshore within the next three years.

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

Ivemsa

manufacturers began operating in Mexico as part of its maquiladora program. manufacturers as leaders in semiconductor production worldwide. In coordination with Mexico, the goal is to reshore technology components from Asia and focus on new manufacturing and chip investment opportunities. manufacturers can consider.

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Getting Ahead in 2023 & The Role of Mexico Manufacturing

Ivemsa

and other foreign manufacturers are considering Mexico as part of their strategy to expand production in the new year. As of November 2022, 87% of Mexico’s imports come from manufactured products. And, in 2023, nearshoring will continue to boost Mexico’s economy as new foreign direct investments are made. production.

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Looking for Skilled Manufacturing Labor? Look to Mexico

Ivemsa

However, manufacturing in Mexico requires a spectrum of roles ranging from entry-level to managerial. Though talent for these roles may be plentiful, retention is challenging since most prefer to perform this type of work outside of their regular full-time jobs. labor shortage has significantly affected the manufacturing industry.