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Home Economy

Mexico, the “jewel” of global nearshoring

This trend is attracting many business opportunities, but also logistical obstacles that must be resolved as soon as possible.

T21 Media by T21 Media
6 August, 2024
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Mexico is becoming a “jewel” for international companies seeking to optimize their supply chain. The study Considerations to strengthen the transportation system against “Nearshoring” , recently published by the Mexican Transport Institute (IMT), reveals that nearshoring , the strategy of bringing production closer to key markets, is positioning the country as a player essential in the global arena.

With its strategic proximity to the United States, Mexico has the opportunity to capitalize on this trend, but the challenge now is to strengthen its transportation system to keep up with international demands, according to the study.

Currently, global supply chains are restructuring and making use of nearshoring , which involves the relocation of manufacturing operations to countries close to consumer markets.

Nearshoring has gained relevance in recent years, especially in the wake of the trade war between the United States and China, and the COVID-19 pandemic.

According to the report “Agility Emerging Markets Logistics Index 2024”, 40% of executives surveyed expect to depend less on China in the next five years , relocating their production to India, Europe and North America.

This movement seeks to reduce risks, logistics costs and improve communication with customers. In that sense, Mexico offers several advantages for companies that opt ​​for nearshoring.

It is worth remembering that Grupo T21 will hold the  Transportation and Logistics Meeting (ETYL) on October 9 and 10  in the city of Monterrey, Nuevo León, in which the central topic of  Maximizing logistics opportunities with nearshoring will be addressed . and where different leading figures will be present within this industrial trend that is happening in the country.

Comment and follow us on X:@karinaquintero / @GrupoT21

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índice de Confianza del Transporte y Logística – Cuarto trimestre 2023 10 destinos de exportación de vehículos pesados 2023 Descubre el Top 10 de destinos de exportación de vehículos pesados en México en 2023 La venta de vehículos pesados rompe récord en 2023 5 marcas de camiones más vendidas