admin News Foreign Direct Investment (FDI), Foreign Trade, Nearshoring, Supply Chain 0
After four years of being outside the top 25 of Kearney’s Foreign Direct Investment (FDI) Confidence Index, Mexico has managed to secure the 21st position in the 2024 edition. This advancement has been primarily driven by investments stemming from nearshoring and reshoring. The nation has experienced ups and downs in this index, reaching its best […]
admin News Economic Development, Foreign Trade, Nearshoring, Trade Relations 0
Mexico has achieved a significant milestone in the realm of exports, climbing to the ninth position among the world’s largest exporters. With an impressive value of $593.012 billion in external sales last year, the country improved four places from the 2022 ranking. This achievement is partly attributed to investment relocation and ongoing efforts towards competitiveness. […]
admin News Foreign Trade, Gender equality, Nearshoring, Women in logistics, Workplace diversity 0
In Mexico, the phenomenon of business relocation or nearshoring is generating significant economic and industrial growth, offering significant opportunities for local companies. At an event organized by BeGo, experts in the field addressed the topic of women’s participation in this emerging trend. Yasbeth Barrera Ferrer, Sales Lead at BeGo, emphasized that although female participation in […]
admin News Cross-Border Trade, Foreign Trade, Logistics, Nearshoring 0
Cross-border trade between Mexico and the United States has seen a significant increase, accompanied by growing challenges due to the high volume of daily goods exchange. In 2023, Mexico was the top trading partner of the United States, with exports valued at $475.606 billion and imports at $323.227 billion, totaling $798.834 billion. Experts highlight that […]
admin News Economic Development, Foreign Direct Investment (FDI), Foreign Trade, Nearshoring 0
Nearshoring in Mexico has generated high expectations for foreign investment, although experts warn that the real boom may materialize towards 2025. Although the country recorded a record $36.058 billion in foreign direct investment last year, it fell short of the expected projections. Investment announcements, especially related to Nearshoring, began to become more evident since 2021-2022, […]
admin News Exports, Foreign Trade, Mexican Economy, Nearshoring, USMCA 0
The international trade landscape witnessed a significant shift in 2023, with Mexico surpassing China as the top exporter of goods to the United States for the first time in 21 years. According to official data, Mexican exports to the United States reached $475.606 billion, while Chinese exports decreased by 20%. This shift is attributed to […]
admin News Automotive Industry, Economic Growth, Foreign Trade, Nearshoring 0
Barclays’ chief economist, Gabriel Casillas, highlights the significant impact of nearshoring on Mexico’s GDP. Entrepreneurs and developers are opting for local bank loans to build industrial parks, indicating strong interest in this strategy. Nearshoring, a response to deglobalization driven by geopolitical events, involves the relocation of multinational production lines to protect their business operations. This […]
admin News Economic Growth, Foreign Trade, Mexican Exports, Nearshoring 0
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 […]
admin News Foreign Trade, Nearshoring, Sustainable development, Transition to clean energy 0
The Swiss-Swedish manufacturer of electrical technologies, ABB, is planning to expand its capacity and infrastructure in seven out of its nine plants in Mexico due to the increasing demand for nearshoring. The preference for faster delivery times by companies relocating to Mexico has driven this decision. The company, specializing in energy automation and technology manufacturing […]
admin News Cross-Border Trade, Foreign Trade, Nearshoring, U.S.-Mexico Trade Relations 0
With the global shift of supply chains to Mexico, cross-border operators predict that nearshoring will be a key driver for the North American freight economy in 2024. Nearshoring, the relocation of production and manufacturing operations to Mexico, has stimulated manufacturing growth as shippers seek closer, cost-effective supply chains favorable for business with the U.S. Major […]