Global e-commerce has drastically increased the number of international shipments sent each day. When consumers and companies buy merchandise online via an e-commerce platform, it may come from anywhere in the world. Entry Type 86, is a new customs entry type intended to help Customs and Border Protection (CBP) manage the flow of goods, creating greater visibility for low-value shipments entering the U.S. while improving border protection, import security, and [...]

In an effort to drive profits, businesses must constantly seek new avenues to improve cost savings and optimize. One of the primary ways that many companies find competitive cost advantages involves nearshoring or offshoring parts of their operation to external professionals with skilled expertise.  Naturally, you may wonder what the difference is in nearshoring vs. offshoring. Below, we’ll discuss some development outsourcing examples and then dive into the offshore outsourcing [...]

Today, in a world where supply chains are complex and span the globe overseas, many of the fine details become muddied or generalized by those unfamiliar with the industry. For example, laymen often confuse outsourcing vs offshoring by using them as interchangeable phrases. The problem with this mindset lies in the fact that both terms are, in fact, distinctly different concepts.    Are you wondering “what is offshoring?” Below, we’ll lay [...]

As a business grows, evolves, and optimizes, it must seek cost-savings and competitive advantages by utilizing both internal and external economies of scale. Eventually, it reaches a point where it becomes efficient to specialize by breaking up certain processes and passing them along to other specialists who can perform them with greater expertise or at a lower cost. Doing so allows a business to increase production, reduce costs, and continue [...]

In recent years, manufacturing within Mexico has been an increasingly more viable and cost-effective alternative to production in Asia. Businesses not only derive benefits from close proximity to the states but can also find a competitive advantage thanks to favorable trade deals and a skilled low-cost workforce.   Below, we’ll dive into the various factors as to why a growing number of US companies are doing business in Mexico. So, keep [...]

This content was updated for accuracy and relevancy on September 2nd, 2020. In the last decade, market forces have altered the global manufacturing landscape, shifting the market share out of China’s grasp as other business havens became viable alternatives. Mexico, for example, has become an increasingly enticing option for American manufacturers seeking cheap but highly skilled labor, reduced supply chains, and clearer visibility over the entire process. As a result, [...]

This content was updated on January 16, 2024 for accuracy and relevancy. The goal for every business is to drive revenue while simultaneously decreasing costs. The pursuit of cost savings is one of the many reasons why a growing number of American businesses—particularly within the e-commerce space—have begun manufacturing in Mexico. While most would cite the low hourly costs of labor or the cheaper warehousing fees, many fail to realize [...]

This content was updated for accuracy and relevancy on March 26, 2021. In 1994, the North American Free Trade Agreement (NAFTA) was ratified, causing an upheaval in the global trade and manufacturing landscapes. The restrictions, stipulations, and incentives within the newly minted trade deal suddenly made Mexico an attractive, cost-effective manufacturing option for American and Canadian countries. Consequentially, this foreign interest created a manufacturing resurgence and completely revitalized and transformed [...]

The past decade has ushered in an era of unprecedented economic growth and development within Mexico. Viewed as an emerging market, particularly in the commodities and manufacturing sectors, it now has the 15th largest economy in the world with a 2018 GDP of $2.6 trillion. Economists suggest that the recent growth within the Mexican economy's manufacturing sector has been spurred on by changes in foreign markets and trade policy. In [...]