Sourcing in Mexico continues to be appealing to companies with manufacturing operations in North America. We noticed this trend become popular in mid-2021, driven by staggering ocean freight challenges, changing labor rates and exchange rates, and impacts from the USMCA trade agreement. Unfortunately, Mexican suppliers soon…
We’re often asked what industries are having success finding capable suppliers in Mexico and for which commodities. The answer is not a short one! We looked through our projects from the past two years and found that we’ve helped manufacturers ranging from agriculture equipment producers to…
Mexico is a major manufacturing hub for many global companies. It offers several advantages, including a large and skilled workforce, competitive labor costs, and proximity to the United States market. However, strategic sourcing in Mexico can be challenging, and there are a number of common…
Mexico has long been a popular destination for nearshoring, and the trend is only expected to continue in the years to come. There are a number of factors driving this growth, including Mexico’s proximity to the United States, its large and growing workforce, and its…
Nearshoring is a trend that consists of companies moving their operations to nearby countries, instead of doing it to distant countries. Mexico is one of the most attractive countries for nearshoring, thanks to its geographical location, its skilled workforce and its low costs. In recent…
In the face of global challenges, such as supply chain disruptions and shifting market dynamics, manufacturing OEMs are seeking alternative solutions to meet their production demands. One country that has emerged as an attractive option for opening production facilities with shorter delivery routes is Mexico….
A Buyer’s Market for Indirect? This month’s Manufacturing ISM report brings good news for North American buyers of indirect spend. Corrugate, pallets, and freight are all listed in the Commodities Down in Price, with no indirect commodities listed in the Commodities Up in Price or…
Companies continue to establish supply chain networks & manufacturing in Mexico. However, there remain challenges to sourcing in Mexico. Mexican suppliers are overwhelmed by the large number of companies trying to diversify their supply chain. As a result, they are often not responding to requests…
Currently in China, “Zero COVID” policies continue to be implemented that imply extensive confinements. According to The Inter-American Development Bank (IDB), there are estimates that suggest around 79% of US manufacturing companies in China have already started or have plans to relocate part of their…
Nearshoring is becoming an important initiative for global manufacturing companies that haven’t already established a strong North American supply base. It’s making more sense to “make where you sell and buy where you make” given ongoing freight challenges and shifting economics (mainly labor costs and…