Nearshoring, particularly in the Mexican context, is a strategic business practice that involves relocating processes from far off countries to Mexico This shift is driven by Mexico’s geographical proximity to major markets such as the US, competitive labor costs, and an increasingly skilled workforce, providing substantial operational advantages

Seizing Opportunities in a Changing Global Landscape

  • The US China trade war

    The ongoing trade tensions between the US and China have prompted many businesses to consider moving their operations closer to home, leading them to look towards Mexico as an attractive destination

  • The COVID 19 pandemic

    The pandemic has disrupted global supply chains and highlighted the risks of being too reliant on distant suppliers Many companies are now looking to diversify their supply chains, nearshoring to Mexico

  • The United States Mexico Canada Agreement (USMCA):

    The USMCA has created a more favorable business environment in Mexico and improved cross border trade relations, making it a more attractive location for nearshoring

  • Increasing labor costs in China:

    Labor costs in China have been rising steadily in recent years, making it less cost effective This has led to a shift in production towards lower cost countries like Mexico

  • A Stable Nearshoring Destination in Times of Global Disruptions:

    Natural disasters and geopolitical conflicts disrupt global supply chains, prompting global companies to consider Mexico’s nearshoring potential as a solution to reduce risks, diversify and ensure stability

Seizing Opportunities in a Changing Global Landscape

  • The US China trade war

    The ongoing trade tensions between the US and China have prompted many businesses to consider moving their operations closer to home, leading them to look towards Mexico as an attractive destination

  • The COVID 19 pandemic

    The pandemic has disrupted global supply chains and highlighted the risks of being too reliant on distant suppliers Many companies are now looking to diversify their supply chains, nearshoring to Mexico

  • The United States Mexico Canada Agreement (USMCA):

    The USMCA has created a more favorable business environment in Mexico and improved cross border trade relations, making it a more attractive location for nearshoring

  • Increasing labor costs in China:

    Labor costs in China have been rising steadily in recent years, making it less cost effective This has led to a shift in production towards lower cost countries like Mexico

  • A Stable Nearshoring Destination in Times of Global Disruptions:

    Natural disasters and geopolitical conflicts disrupt global supply chains, prompting global companies to consider Mexico’s nearshoring potential as a solution to reduce risks, diversify and ensure stability

The Companies Leading the Way