Mexico has the possibility of increasing its competitive capacity through nearshoring, but there are challenges in education, transport infrastructure, connectivity and security; aspects that have repercussions on the investment and business climate.

If investment in these areas does not continue, there is a risk of wasting the opportunity offered by the relocation of companies to our country, commented Ildefonso Guajardo, former T-Mec chief negotiator and federal deputy.

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During a Banco Base event, he commented that, although the country has won with announcements such as Tesla's, what Asian countries are registering has not yet been achieved or earned, "there is still a lot of work to take advantage of the advantages we have" .

A couple of weeks ago, the Federal Government estimated that there are between 400 and 450 foreign companies focused on the automotive sector that are looking to relocate to Mexico in the coming months, both expansions and new investments. And it is already evident that manufacturing in the north and center of the country is capturing the attention of this phenomenon.

The attractiveness of relocation is promising, as shown by the Inter-American Development Bank, estimating that the nearshoring phenomenon will generate profits of 35 billion dollars in the short and medium term, 2.6% of the region's GDP.

In turn, Enrique Galena, Director of Administration and Finance of Grupo Financiero Base commented that in the next 3 years the effects on sales and investment resulting from nearshoring will begin to be perceived. Although caution is required to ensure a stable environment for investments in general due to competition with other nations that can capture a greater benefit than Mexico does.

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The main challenge is to ensure the essential factors to maintain competitiveness and attractiveness for foreign investment. Mexico has to take advantage of the friendshoring opportunity by having the TMEC, for this it is necessary to "work on governance to reduce public insecurity and uncertainty related to internal economic policy, as well as actively seek companies to come to the country," pointed out Gabriela Siller, director of economic analysis at GFB.

In Solili you can consult industrial warehouses available in Mexico City and Monterrey 

Original note