Recent economic forecasts shine brightly on the continued growth and future of manufacturing in Mexico. Expert’s optimism for sustained growth is based on trends demonstrating an increasing share of American manufactures fleeing Asia—namely China—for Mexico, citing competitive wages, specialized workers, and the global costs of oil as deciding factors. Hearing this, you may be curious about how the manufacturing industry is structured in Mexico. Below, we’ll discuss the major manufacturing [...]

Over the last two decades, Mexico has made substantial strides within the global manufacturing economy. Thanks to fluctuating market forces and changes in trade agreements, a steady tide of American manufacturers have fled China in lieu of closer proximity and a friendlier business climate with their southern neighbors.  If you also are considering relocating your manufacturing facility or in the process of setting up manufacturing in Mexico, there are several [...]

In recent years, the global manufacturing landscape has undergone significant changes and developments. This shaking up of the status quo has loosened China’s grip on the market, providing openings for other world players seeking to carve out their own niche within the manufacturing industry. One such beneficiary of this trend has been Mexico, which has seen an increasing rate of U.S. companies doing business in Mexico.  Today, according to NAFTA, [...]

According to the US census, 34.8% of the United States’ imports in 2018 were from two countries: China and Mexico. Both countries are manufacturing hubs that can export goods at a reduced rate. And American businesses rely on partnerships with manufacturing plants in both countries to reduce labor, shipping, and infrastructure costs. Keeping these expenses low depends heavily on taxes and tariffs. How these tariffs are structured and how they [...]

China is quickly losing its stronghold as the manufacturing superpower of the world. The reason this is occurring is a topic of much controversy, but when you start to compare data—then factor in the ongoing trade war between the U.S. and China—you realize that China is not the cheapest nor the easiest offshore territory to utilize facilities in.   Today, the landscape is changing, providing opportunities for countries like Mexico to [...]

Updated for Relevancy: November 13, 2024 Over the last decade, there’s been a renaissance taking place of manufacturing in Mexico. Changes in free trade agreements and regulations have created a friendly business climate, providing benefits such as highly skilled, low-cost workers, decreased shipping costs, and greater oversight—all of which resulted in an American manufacturing diaspora from China.   Seeing this steady tide of foreign businesses transitioning their operations, Mexican officials [...]

When someone thinks manufacturing, usually it’s China that comes to mind. North America is all familiar with the iconic “Made in China” stamp that accompanies the many products we know and love. In fact, U.S manufacturing output in Asia has been large enough that during the Cold War, American media campaigns waged war against the brand and publicly ridiculed our involvement with the People’s Republic in China. For many, that [...]

Over the last decade, Mexico has experienced a manufacturing renaissance. Its meteoric rise has been a boom for both the country as a whole and for American companies seeking a manufacturing haven outside of China. Mexico’s proximity to the states and comparative costs of operation have encouraged many businesses to relocate. The shift has been mutually beneficial for both Americans and Mexicans alike.  Although there has been a steady influx [...]

The American economy is currently in the midst of a boom the likes of which hasn’t been seen since World War II. In early July, the U.S. broke records by hitting 121 months of growth, the longest economic expansion in the history of the country. Despite the fact that we have massive GDP growth and sit at a near full employment level, American manufacturing has experienced its weakest growth in [...]