Mexico is considering tax credits to attract foreign firms to invest and produce domestically, targeted at electric vehicle (EV), semiconductor, rare earth …
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Tag:
nearshoring
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Mexico’s CFE poor power grid threatens nearshoring
A booming economy and extreme temperatures are pushing power grids to the brink across Mexico, a crisis that’s growing worse with each …
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International companies are coming to Mexico as part of nearshoring expansion
Companies that have already announced nearshoring-related expansions in Mexico include Taiwanese tech giant Foxconn, Danish toy giant Lego, and US Barbie doll …
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Is Mexico the big economic winner from growing US-China tensions?
Sparks fly as laser slices through metal in a factory in Mexico, which is preparing for a wave of foreign investment thanks …
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Ministry of Economy estimates that nearshoring will bring 36 billion USD to Mexico in the next 3 years
Foreign companies have made 93 investment announcements for Mexico so far this year with a total expectation of 36.1 billion US dollars, …
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CCE predicts that nearshoring would give Mexico an annual growth of 4%
Nearshoring ultimately represents a new economic era in the world and Mexico, said the Business Coordinating Council. The arrival of companies attracted …
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Aside from nearshoring: the south of Mexico is at a disadvantage compared to the north
The arrival of investments in Mexico due to the phenomenon of relocation of productive chains (nearshoring) especially boosts the states of the …
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Due to Nearshoring, Mexican banks expect an increase in financing demand in the next 5 years
For more than a year now, commercial banking in Mexico has seen euphoria unleashed by large companies, which are requesting loans to …
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Manufacturing sector in Mexico can grow 5% per year thanks to Nearshoring
Mexico’s manufacturing production could grow 5% per year thanks to the boost that nearshoring will give it, according to a report by …
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Mexico has the potential for automation growth, says an industry expert
Mexico has a significant opportunity for “greater adoption of automation” in its industries, especially the reshoring of supply chains, said Jeff Burnstein, …