This is particularly profitable for businesses targeting the North American market, including one of the world's largest consumer markets, namely the United States. Free trade within the North American region, a network of free trade agreements with 48 countries, competitive labor costs, highly skilled workforce, similar time zones, efficient logistics, a diverse industrial sector, and intellectual property protection are some of the significant benefits that Mexico provides as a nearshoring destination. However, it's important to note that despite these advantages, there are still some challenges, including inadequate infrastructure, extensive bureaucracy, and a weak rule of law.
Recordings
MEXICO NEARSHORING - COMPETITIVE ADVANTAGES AND CHALLENGES
Dec 07, 2023 10:13
Thanks to its advantageous geographical location and business-friendly culture, Mexico offers numerous competitive advantages to international companies in the manufacturing industry.
Read more