Issues related to judicial reform generate significant debate about its potential impact on informality within small and medium-sized enterprises (SMEs) in Mexico. Specialists consider that it could have collateral effects on the business environment, especially in sectors where this segment depends on formality to integrate into global supply chains.
In this sense, the possible administrative burden or changes in regulation could cause some SMEs to opt for informality as a mechanism to avoid new obligations.
In this regard, Rodrigo Ramírez, Regional Product Marketing Manager of CIAL Dun & Bradstreet , shared his vision on the matter and, although he distanced himself from the political issue, he explained the main trends that could counteract some of the effects of this reform in the context of SMEs.
According to Ramírez, digitalization is revolutionizing the way large companies evaluate their suppliers, streamlining these processes by up to 80% and reducing the time required by up to 95%. This technological advance allows companies to manage large volumes of supplier information more efficiently.
Digital platforms become essential tools for companies, allowing them to receive and evaluate supplier documentation through secure links.
In addition, automated decision engines generate data that determine whether a supplier meets established requirements, thus streamlining the process of incorporating them into supply chains.
On the other hand, although digitalization significantly improves evaluation processes, Ramírez pointed out that SMEs face major challenges . Among them, he highlights the need to strengthen their credibility and visibility in a highly competitive market.
Ramírez stressed the importance of the DUNS number , a unique global identifier that accredits a company as trustworthy and facilitates its participation in tenders with large corporations.
SMEs must also improve their financial health and demonstrate their ability to meet short-term obligations.
He recommended that SMEs work on their sustainability , not only to improve their market opportunities, but also to align themselves with the growing demands for environmental, social and corporate governance (ESG) criteria.
He highlighted that more than 70% of global companies already incorporate ESG criteria in their supplier selection processes, and SMEs must adapt to these new requirements to remain competitive.
Although judicial reform could have an indirect impact on the formality of SMEs , current trends in supplier evaluation , driven by digitalization and ESG criteria, offer an opportunity for small and medium-sized companies to strengthen their position in the global market, provided they adopt the necessary tools and practices to meet new market demands.
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