The benefits of relocation or nearshoring are already palpable in Mexico and, due to changes in global value chains, the advantages of this country have been reinforced in the long term, agreed analysts who participated this Thursday in the TradeHub event, in the City of Mexico.

John Manners Bell, director of Foundation Future Supply Chain, noted that Mexico has "innate" advantages, such as proximity to the United States and overlapping time zones, with producers able to shorten delivery times in North America and higher levels of customization.

Of interest: BTS projects dominate the industrial demand of Saltillo in the first half of 2023

A recent Prologis analysis found that demand for industrial space in Mexico doubled in 2022 compared to 2019 levels, driven by nearshoring, leading to a sharp decline in vacancy to about 1 percent.

In turn, rents increased 16% in 2022 and are about to pick up again in 2023.

Manners Bell also stated that Mexico faces fewer risks related to port congestion on the west coast of the United States, political stability in the context of the Treaty between Mexico, the United States, and Canada (T-MEC) and fewer interruptions due to the coronavirus pandemic. Covid-19.

In particular, Mexico is more competitive than China, according to the Boston Consulting Group, for having lower factory wages ($3.90 vs. $5.58), attractive currency exchange rates, and lower tariffs (0.04% vs. 19.2%). .

Prologis believes that recent changes in global supply chains have made Mexico's advantages more attractive, substantially and sustainably over the long term.

Check here: Industrial demand persists, CDMX maintains the pace reported in the first half of 2022

“This is just the first wave of investment. We expect this movement to unfold for decades as local economies build a critical mass of infrastructure, expertise, and suppliers. This will not be limited to the already strong automotive sector; we also expect electronics to play a more important role in Mexican exports,” said Prologis.

The real estate company Vesta Real Estate Corporation reported that the main Mexican industrial real estate centers are showing lower vacancy rates compared to cities in the United States.

In Solili you can consult industrial warehouses available in Monterrey, Ciudad de México and Guadalajara

Original note