When the United States-Mexico-Canada Agreement (USMCA) replaced the North American Free Trade Agreement (NAFTA) in 2020, many manufacturers wondered what would change. The answer, five years later, is clear: [...]
In 2018, the United States, Canada and Mexico worked together to develop a new, more progressive solution for the North American Free Trade Agreement (NAFTA). Due to the significant changes made to the 25-year-old agreement, NAFTA will be referred to as the United States Mexico Canada Agreement (USMCA). Most of the changes will be isolated to the automotive industry, though there may be other foreign investment considerations depending on the sector. Contact NAPS to learn more about any questions you may have about NAFTA, USMCA and how they might apply to various manufacturing industries.
While the United States emerges from the pandemic, the economy is still feeling its effects. Luckily, the recently passed United States-Mexico-Canada Agreement (USMCA) is likely to play a big [...]
Updated for relevancy: October 3, 2024 The landmark United States-Mexico-Canada Agreement (USMCA) took effect on July 1st, 2020. Having been ratified by all three nations, the USMCA replaced the [...]
If you’re watching your margins tighten and your supply chain stretch, you’re not alone. Rising global wages, shipping volatility, and trade tension have companies rethinking where and how they [...]
The global auto industry is in the middle of one of its biggest transitions in decades. Rising labor costs in Asia, shifting trade policies, supply chain disruptions, and the [...]
For U.S. manufacturers, expanding operations into Mexico is no longer a secondary option. It has become a primary strategy for cost control, supply chain resilience, and market competitiveness. Once [...]
How Mexico’s Factories Are Gaining a Competitive Edge Mexico’s Maquiladora Program has long served as a key bridge between U.S. companies and cost-effective manufacturing south of the border. But [...]
Cost Savings, Speedy Supply Chains, and Higher Profits In a global manufacturing environment marked by geopolitical risk, rising costs in Asia, and increasing pressure to meet consumer demand faster, [...]
Manufacturers today are under real pressure to stay lean and move quickly, but rising shipping costs and shifting trade rules are making that harder. To stay competitive, more U.S. [...]
Labor costs tend to lead the conversation when companies look to reduce spending. And while Mexico certainly delivers on that front, there’s another advantage that's just as impactful: the [...]
The USMCA and Nearshoring Advantage Since 2020, supply chain strategy has gone through a reset. Global disruption exposed how fragile overseas manufacturing had become. COVID-19 stalled ports. Freight costs [...]
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Call Us Now
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