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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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5 Advantages of Overseas Manufacturing

SourcX

More and more companies are realizing the draw of manufacturing overseas, often in low cost countries. Keeping costs down throughout the manufacturing process allows them to increase profit margins, and many low cost countries offer a wide selection of experienced potential suppliers and advanced manufacturing facilities.

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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.

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Is Mexico Still Competitive for Manufacturing Costs?

Ivemsa

When comparing factors, such as labor rates, transportation fees, and an overall better sense of operational security, Mexico remains competitive when it comes to cost-effective manufacturing. Mexico Labor Rates. Download the Mexican Manufacturing Cost Guide for Total Costs. Transportation Costs.

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Mastering healthcare data governance with data lineage

IBM Services

For starters, healthcare organizations constantly encounter vast (and ever-increasing) amounts of highly regulated personal data. Healthcare organizations must adhere to data privacy regulations like HIPAA and GDPR. Issues with compliance and audit conduct also arise due to these scattered data sources.

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5 Steps to Planning a China Plus One Strategy

SourcX

Recent world events including a global pandemic with its roots in China, a possible trade war and growing trade deficit between the US and China, and pro-trade government initiatives in other low cost sourcing countries have led many businesses to implement what experts are calling a China plus one strategy.

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Global Talent Acquisition: Four Emerging Markets Your Company Should Target

Velocity Global

At the same time, South Korea’s Ministry of Trade, Industry, and Energy (MOTIE) supports the training of 40,000 skilled workers to operate fully automated manufacturing machinery. Considering the high cost and competition for developers in Silicon Valley, shrewd companies look to foreign markets to source top tech talent.