Despite the challenges facing global markets due to tariffs imposed by the U.S. government, global trade shows optimism and resilience . According to HSBC ‘s Global Trade Pulse Survey 2025 , 89% of companies surveyed worldwide are confident in their ability to expand internationally over the next two years. In Mexico, this figure reached 88%.
According to the report, companies also indicated that commercial pressure has been a driver of innovation. Globally, 77% of companies indicated that current challenges have served as an impetus for evolution; in Mexico, 79% of the firms interviewed held the same opinion.
As a result, 58% have adopted new technologies , while in Mexico it is 62%. Furthermore, 56% indicated they have optimized their internal efficiency and cost structures, reaching 60% in Mexico. Meanwhile, 51% of companies worldwide have developed new products or services, while in Mexico it is 49%.
“The current climate, marked by tariff and trade uncertainty, represents significant challenges for businesses. However, we are seeing great resilience and adaptability in the way they are operating,” said Vivek Ramachandran, head of Global Trade Solutions at HSBC.
On the other hand, strategies for relocating production lines in Mexico ( nearshoring ) and relocating production lines to their country of origin, known as reshoring, have taken center stage, with 83% and 77% of companies, respectively, evaluating the relocation of their production processes to optimize operations.
The impact on companies
Trade uncertainty has had a significant impact on companies’ operating costs .
According to the analysis, two out of three companies have already experienced cost increases, and everything indicates that this will continue, with 73% of the companies surveyed expecting an increase in the short term and 72% in the long term. This outlook has led 85% of companies globally to revise their pricing strategies upward; in Mexico, this proportion reached 84%.
In addition to cost increases, companies anticipated an average 18% decrease in revenue due to supply chain delays . For 51% of the firms surveyed, rising costs represent their primary logistics concern. Consequently, 78% of companies are considering changes to their long-term business model, and 43% could reconsider their international expansion strategies if tariff instability persists over the next two years.
Against this backdrop, Mexico has shown positive signs. According to figures from the National Institute of Statistics and Geography (INEGI) , the Mexican economy grew 0.2% in the first quarter of 2025, while its annual growth was 0.6%. Meanwhile, Mexican exports reached $54.296 billion in April of this year, a 5.8% increase compared to the same month in 2024.
Comment and follow us on X: @GrupoT21
