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Shoring trends and challenges for Mexico
T21 | October 13, 2022 |

Whether called reshoring, nearshoring, friend-shoring or ally-shoring, these trends benefit Mexico in allowing the country to join these global dynamics, according to panel guests Mexico, the main beneficiary of nearshoring? Key competitiveness to attract productive investment, within the framework of ETYL 2022, organized by Grupo T21.

The current changes that are occurring in the field of globalization, motivated by the disruptive events of recent years, read pandemic and wars (commercial and military), and that the different actors involved in international trade are participating from different trenches.

Although some analysts note that these trends are still incipient in the country, there is already evidence of their presence in the national territory.

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At the end of last July, the German company Bosch began the construction of a new plant in the municipality of Salinas Victoria, in Nuevo León, with an investment of 260 million dollars for the production of high-tech refrigerators and expects to start in 2024.

In June of this year it was also announced that the John Deere company will move its production of cabins for tractors from Waterloo, in Iowa, United States, to Mexico.

Although more than anything else has been talked about the relocation of Asian or multinational companies established in that region, the truth is that Mexico has been on the radar of companies at a global level competing to attract new investments, “you for you” with the satellite countries of China, the world's great factory.

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The Mexican Association of Industrial Parks (AMPIP) points out that only in the first quarter of this year there has been an occupancy factor of up to 370 thousand square meters in the demand for real estate spaces in industrial parks, only due to the effect of nearshoring, where companies of Chinese origin are the most active, with 33% of that demand for real estate spaces.

These industrial parks have made operational modifications to comply with local and international standards in terms of security, cybersecurity and sustainability, to be more attractive to foreign companies.

“Mexico is undoubtedly the most important country for the United States”, due to its geography, demographics and the relevance of having a free trade agreement that privileges the value chain of regional products or inputs, according to David Eaton, president of the American Chamber, Monterrey chapter.

In Solili you can consult industrial warehouses available in Reynosa, Saltillo and Monterrey

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