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What Are 2023 Skilled Labor Costs for Manufacturing in Mexico?

Ivemsa

manufacturers have been more actively focused on hiring and retaining enough qualified workers to meet production demand. However, with increasing competition for job placement with other sectors like technology, healthcare, and financial services, it’s been a challenge to find skilled labor. with regard to labor laws.

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Manufacturing Trends Redefining the Industry in 2024

Perficient Digital Transformation

Over the last year, I’ve witnessed significant changes transforming the manufacturing industry. However, AI isn’t the only noteworthy trend manufacturers need to focus on. Manufacturers with long-established business models historically have relied on partners and dealers for customer relationships and data.

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Customizing Nearshore Manufacturing to Meet Company-Specific Needs

Ivemsa

manufacturers looking for cost-effective, high-quality operating solutions. While nearshoring manufacturing is advantageous to all sectors , most companies require customization to ensure the solution fits both their short- and long-term needs. Nearshoring to Mexico has become the go-to strategy for U.S.

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Factors Manufacturers Must Consider During the Site Selection Process

Ivemsa

Manufacturing in Mexico requires several steps to get started, the first of which is site selection. IVEMSA handles site selection research and provides a city comparison matrix, as well as a labor cost analysis and operational cost analysis , to help manufacturers narrow down the best options.

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How Foreign Manufacturers Use Mexico’s IMMEX Program to Their Advantage

Ivemsa

The benefits of manufacturing in Mexico have become common knowledge for most, though few may know about the specific importance of the IMMEX program. The IMMEX (formerly known as the maquiladora) program was established in the 1960s as a way to boost the manufacturing industry in Mexico. manufacturers. Regardless, U.S.

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Common Challenges of Manufacturing in Mexico & How to Avoid Them

Ivemsa

Manufacturing in Mexico has ramped up over the past several years without any sign of slowing down. and other foreign companies continue to benefit from the competitive advantages this strategy has to offer, which include open trade agreements, access to a skilled workforce, and lower operational costs. Duty-Free Manufacturing.

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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. In turn, manufacturing in Mexico will help U.S. To get ahead in 2023 means Mexico manufacturing will play an even larger role in U.S.