Exports and US stimulus spending have a positive effect on the Mexican economy
The United States-Mexico-Canada Free Trade Agreement (USMCA) and the recently implemented US economic stimulus will have a positive effect on the Mexican economy, especially its automotive sector. In a semi-desert valley in central Mexico, one of the world’s largest automotive suppliers is preparing to open a new plant to produce components for the North American […]
Electric vehicle manufacturing in Mexico is a growing opportunity
Because the Mexican automotive industry accounts for approximately three percent of the nation’s Gross Domestic Product (GDP) and Mexico is the third-largest exporter of vehicles and the fourth largest auto parts exporter in the world, representatives of manufacturers have outlined opportunities to increase the share of electric vehicle manufacturing in Mexico. During a recent panel […]
Northern cities take advantage of expanding Mexican logistics centers
Despite experiencing the continuing effects of the coronavirus pandemic, Mexican logistics centers are expanding. At the beginning of the coronavirus pandemic in 2020, manufacturing was affected by the collapse of global production lines in the face of the suspension of operational activities of many companies. This set of circumstances constituted a turning point for rethinking […]
The Plastics industry in Mexico grows due to COVID-19
Current demand in the plastics industry in Mexico has expanded due to the present health crisis According to Monica Conde, General Director, of Ambient Plastic, a company specializing in the production of the petroleum derivative, the recent growth in demand that the plastics industry in Mexico has experienced has been approximately 3%. At a virtual […]
The future of the industry in Mexico is advanced manufacturing
New technologies are being utilized by industry in Mexico to facilitate and optimize the production of a wide range of goods for foreign and domestic markets. Among the trends currently found in industry in Mexico, advanced manufacturing has been quickly gaining visible ground. This type of production is increasingly encountered in Mexico’s maquiladora plants located […]
How has the ongoing China-US trade dispute benefited Mexico?
After Vietnam, Mexico is the country that has benefited the most from an ongoing China-US trade dispute. The dueling escalation of punitive tariffs between the United States and China has enabled Mexico to rectify a negative trade balance and to address the economic effects of the coronavirus pandemic from a strengthened position. According to several […]
How to choose a logistics company in Mexico
What types are there and what services do they offer? The selection of a logistics company in Mexico is not limited to organizations that provide third-party logistics services (3PL). The comprehensive character of this industry means that its main players can cover and specialize in a wide range of supply chain services that have a […]
The new USMCA labor provisions
Multinational companies should be aware of the new USMCA labor provisions in order to improve the rights of their workers and to avoid sanctions imposed by the newly established Interagency Labour Committee. The NAFTA was often criticized in the US for inadequately addressing issues related to Mexican wages and labor standards. As a condition of […]
The Metal Fabrication Industry in Mexico
Mexico has progressed from a nation that offers cheap and unskilled labor using obsolete infrastructure to being one of the top ten modern industrial producers worldwide. Over the last several decades, the country has made great progress through its development of a high level of sophistication in manufacturing, product design processes, and process development. Additionally, […]
Mexican medical industry production quadruples in response to the continuing global pandemic
The coronavirus has propelled Mexican medical industry production to new heights to supply much-needed equipment. The leadership of the Mexican Association of Innovative Medical Device Industries (AMID) has recently reported that production by companies in the country’s robust, diversified, and highly developed health care product industry has multiplied by a factor of four. According to […]