Uber Freight , the cargo division of the mobility technology platform, recently detailed in its report “From the United States to Mexico: a guide to strengthening cross-border transportation,” that, although the Mexican market is on an upward trajectory, factors such as nearshoring and cargo theft require a strategic approach to ensure efficient compliance , high – quality service and cost savings.
“If your team isn’t thinking about nearshoring, you risk falling behind your competition by missing out on faster shipping, travel, and cost savings. As more companies migrate to Mexico, it is necessary to diversify transportation modes to manage increased demand and capacity crises. “Having transportation management systems (TMS) that provide real-time supply chain visibility will support operations and provide access to up-to-date information and shipment tracking data,” the document reads.
The transportation and logistics solutions provider detailed that cargo theft and fraud are also becoming more common in the United States, for example, according to information from CargoNet , theft increased more than 57% between 2022 and 2023 . “In addition to causing financial losses for carriers, increases in crime pose higher insurance policy costs,” he said.
At this point, Uber Freight recommended taking measures to combat crime, with joint strategies with transportation partners, to “ implement security procedures and keep drivers safe, for example, transporting goods only during the day at critical points of cargo theft . Additionally, it is pertinent to consider investing in TMS that provides fraud prevention technology solutions. “In addition to real-time shipment tracking to detect suspicious activity, and built-in automation to verify carriers with unique identifiers.”
During June 2024, motor transportation theft in Mexico experienced an increase of 4.1% compared to the indicators of the same cycle in 2023; Meanwhile, when compared to the previous month, May 2024, the registration for the sixth month of the year is 4.2% lower, according to a report from Overhaul .
Meanwhile, Mexico’s commercial exchange with the world is going from strength to strength. From January to June 2024, the value of exports (oil and non-oil) amounted to 299,387 million dollars (mdd), 2.6% higher than the same period in 2023; Of this figure, 83.81% was destined for the United States (28.70% automotive and 55.11% others), according to the report from the National Institute of Statistics and Geography (Inegi) .
In turn, the accumulated value of total imports in the first half of 2024 was 304,885 million dollars, an amount higher by 2.2% than that observed in the same period of 2023.
This year Mexico became the United States’ main trading partner, ahead of China and Canada.
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