The nearshoring or relocation of companies to manufacture products closer to the market than where they are sold could not only boost Foreign Direct Investment (FDI) but would also print greater dynamism in the segment of startups focused on logistics services, international intelligence and financing.

Alfredo Castellanos, the managing partner of Glisco Partner, points out that risk investments or venture capital will benefit from the arrival of nearshoring in Mexico. "Apart from seeing investments in highly disruptive companies in the case of Mexico, we will continue to see investments in manufacturing, transportation, logistics and in general everything that has to do with export services to the United States," Castellanos said.

Of interest: Tijuana, Saltillo and Juárez concentrate a third of new ships that started in January 2023

The CEO of Bego, a Mexican startup that connects cargo transportation with those who need to transport merchandise to the United States and Mexico, assures that nearshoring has been a trend that has helped his startup grow aggressively, since since 2019 the United States has been investing more in its plants in Mexico than in those in Asia.

The entrepreneur told Bloomberg Línea that only last year trade between the US and Mexico grew 20% in cargo transportation, which is unheard of, since typically this number was 2% year after year.

Nearshoring encourages exporting companies to seek technologies such as artificial intelligence, financing and other tools that streamline their operations, Cardenas said, which can be provided by startups. Investments in Mexican startups driven by nearshoring began to be noticed in the Mexican ecosystem in 2022.

Consult here: How are the new constructions that are demanded in the industrial market of Monterrey?

At the beginning of October, Solvento, a Mexican fintech company that builds payment infrastructure for the trucking industry in Latin America, closed a seed round led by Ironsring Ventures for $5 million, in an environment of increased interest in nearshoring. This Texas-based fund is focused on manufacturing processes and supply chains.

Many other startups have been boosted, which creates a promising outlook in the coming quarters.

In Solili you can consult industrial warehouses available in Monterrey, Saltillo y Ciudad Juárez

Original note