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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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Navigating Tax Compliance When Manufacturing in Mexico

Ivemsa

There are numerous benefits of moving manufacturing to Mexico which have led to continuous economic growth and success for global companies across all industrial sectors. The country delivers has a highly-skilled, cost-effective workforce , and close proximity to the U.S. of operating costs is declared a safe harbor.

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U.S. and Mexico Labor Cost Comparison: An Overview

Ivemsa

The evolution of the manufacturing industry has advanced due to sophisticated technology and automation which can streamline certain processes. Though, despite improvements, manufacturing still requires skilled labor which accounts for a high percentage of the total operational costs. Because of this, many U.S.

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What U.S. Companies Need to Know about Taxes and Compliance when Moving Manufacturing to Mexico

Ivemsa

There is always a learning curve when operating in any foreign country. For companies considering Mexico manufacturing for the first time, there are several areas to consider, which include the responsibilities of taxes and compliance. The first step when manufacturing in Mexico is registering with the IMMEX maquiladora program.

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A CEO’s Look at Mexico’s Maquiladora Program (IMMEX Program)

Ivemsa

Since then, the maquiladora program has grown substantially and become a cornerstone of North American manufacturing. However, every year there are new economic shifts and manufacturing trends to evaluate and determine what the next steps will be. does not have the space to fulfill its rapidly growing manufacturing needs.

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Cyber-Physical Systems (CPS) & what they have to do with IoT

Vilmate

Stationary CPS Stationary CPS are integrated into specific systems and objects, such as manufacturing plants or smart homes. For instance, in industrial settings, AI can govern production processes to maximize efficiency while minimizing costs. However, the potential of cyber-physical systems extends far beyond these domains.

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What is a Digital Twin and when you might need one?

Vilmate

Dr. Michael Greaves, a professor at the University of Michigan, pioneered using digital twins in manufacturing and proposed the software concept for this emerging technology. For instance, a process digital twin can be utilized to visualize and analyze manufacturing processes, logistics operations, or supply chain management.