In the third edition of the Nearshoring Tracker study, developed by Credit Suisse, an update on the most relevant national news and data on the macro-trend of nearshoring, or relocation, is presented. This showed a seasonal decline in the last period.

In addition, in November, there were 12 new manufacturing facilities, with a value of 1.2 billion dollars against a monthly average of investments related to nearshoring of 1.7 billion dollars.

Check here: The supply of speculative industrial buildings in the country is still insufficient

The sectors with the highest representation in foreign direct investment were: automotive and health / technology. Four of the investment projects were from the automotive sector and three from the health technology sector (Intuitive Surgical, Bendix and Takeda).

The largest investment among those contemplated in the study is the new Nidec plant for electric motors for $715 million dollars, which could begin construction in the first quarter of 2023 in Nuevo León or Guanajuato.

According to the firm, the months of August and October each attracted 19 investment projects identified as a result of Nearshoring, with a total of 102 projects from January to November, totaling more than $18.377 million dollars in investments.

Of interest: Industrial demand for 2022 in Mexico already exceeds that of 2021 by 13%

On the other hand, it is mentioned that production restrictions continue to affect the supply of electronic products in Asia, which continues to suggest a potential for the relocation of the electronics supply chain, which could benefit Mexico.

The study also mentions new trade disagreements resulting from the ongoing NAFTA / USMCA consultations, which could prevent foreign companies from bringing production to Mexico, as they could be exposed to retaliatory trade sanctions.

In Solili you can consult industrial warehouses available in Ciudad de México and Querétaro

Original note