Nearshoring Estimated to Boost Mexico’s Exports by $80 Billion, Experts Say

Nearshoring, the relocation of production chains, is expected to boost Mexico’s exports to $80 billion by 2027, according to a study presented by Grupo Hi-Tec. The projected annual GDP growth from 2022 to 2027 ranges from 2.6% to 3.7%. The electronics, appliances, and machinery sectors would capture 65% of the nearshoring benefits, with opportunities concentrated […]