According to projections made by the Inter-American Development Bank (IDB), Mexico could add at least 35 billion dollars (mdd) in terms of exports derived from the effects of nearshoring.

For its part, the Ministry of Economy (SE) announced that at the end of the first quarter of 2023, Foreign Direct Investment (FDI) totaled 18 thousand 636 million dollars (mdd), an amount 48% higher than the similar period last year. These investments will be long-term, since the country is on the verge of what is known as the new Mexican miracle: nearshoring.

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“Companies that are looking to relocate their plants and supply chains need investment and preparation time, which is where we are at the moment. Once everything is ready, the effects will begin to be seen, especially in terms of transportation, because the idea is that the goods and products that are manufactured are transported mainly to the United States and Canada," explained Mauricio Medina, general director from TIP México, in an interview with T21.

In Medina's opinion, the effects of the relocation of companies will begin to be felt in the second half of 2024 and with much greater force in 2025.

To meet the expected demand for transportation and help businessmen have equipment availability without losing capital, TIP México plans to invest in both equipment and facilities. The company would be increasing its fleet by 25% next year and a similar amount in 2025, to meet the demand,

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"We are evaluating the opening of another yard (in addition to the one already in Monterrey) to meet the need for transportation in the face of the nearshoring boom," he said.

Even with the advantages that Mexico has for relocation, there are multiple areas of opportunity that must be addressed, such as crucial points in the highway and port infrastructure. Expanding electricity generation is another pending task, mainly in the north of the country.

In Solili you can consult industrial warehouses available in Tijuana, Reynosa and Ciudad Juárez

Original note