Whether you’re already in Mexico or thinking of making the move, you’re probably already familiar with the many benefits of manufacturing in Mexico. However, with those benefits come new tax laws you’ll need to navigate. Here’s what you need to know about taxes in Mexico and how you can stay compliant. MAQUILADORAS AND TAXES: AN OVERVIEW As a foreign manufacturer, your first step to understanding tax compliance in Mexico is [...]

To more quickly meet their renewable energy objectives, world governments and private businesses are always looking for the best manufacturing locations. When it comes to manufacturing solar panels, China has historically dominated. However, other countries across the globe are beginning to rise up as manufacturing giants, including Mexico. Here’s why you should consider moving your solar panel manufacturing  to the United States’ southern neighbor. An Overview: Solar Manufacturing in Mexico [...]

Nearshoring is not a new phenomenon. For decades, foreign companies have recognized the value of manufacturing in Mexico. However, nearshoring to Mexico has grown dramatically in recent years and is unlikely to slow down anytime soon. Here’s why. GLOBAL ISSUES Russia The Russia-Ukraine conflict has led to material shortages, such as essential automobile components. Semiconductors were already in short supply, and now supplies of wiring systems manufactured in Ukraine are [...]

As a manufacturer, you’re always looking for ways to scale your production and boost productivity while minimizing costs, and for many companies, the best way to do that is to bring in some extra support. By engaging an outsourcing management company, not only do you cut back on staffing costs, but you also get a partner that will handle the oversight of everyday tasks, so you can get back to [...]

Historically, U.S. businesses have outsourced their manufacturing operations to China. But on top of an increasingly tense political relationship, COVID-19 has exposed critical weaknesses in offshore supply chains. Ally-shoring has emerged as one of the best strategies for confronting these issues. A collaborative version of the term nearshoring, ally-shoring involves rethinking (on a nationwide scale) critical supply chains and sourcing goods and raw materials from democratic allies. With the goal [...]

Thinking about nearshoring to Mexico? Here’s a look at the advantages and challenges every manufacturer must understand before they plan the big move. Which industries & businesses are moving operations to Mexico? Manufacturers across all industries benefit from the advantages of doing business in Mexico. However, Mexico is home to a handful of industries in particular that have found significant success. The aerospace, automotive, medical device, electronics, and home appliance [...]

It’s no secret that companies experience significant benefits when they choose to manufacture in Mexico. From access to the highest number of free trade agreements to the highly skilled labor force, businesses from around the world come to Mexico to drive costs down and boost operational efficiencies. However, just like any country, doing business in Mexico comes with various challenges. In order to take full advantage of the many benefits [...]

Overseas manufacturing has always been a topic of debate, and now many businesses are steering away from offshoring and bringing their operations back to North America. Thanks to the significant advantages it offers manufacturers, Mexico is usually the country of choice. Here are seven strong reasons why you should consider doing business in Mexico. 1. Free Trade Agreements Today, Mexico has a total of 13 free trade agreements (FTAs)—more than [...]

Back in the 1980s, Mexico proposed the idea of forming a free trade agreement (FTA) with the United States and Canada. The country’s main goal was to promote economic development through foreign direct investment, more jobs, and more diverse exports. After its signing in 1994, the North American Free Trade Agreement (NAFTA) began to accomplish what Mexico hoped it would: it boosted exports, created high-skilled jobs, and increased wages. Since [...]