Has your company thought about nearshoring lately? Here at MES, we have noticed a trend where customers in the United States are intrigued by the transition to working with closer plants since it can reduce costs and provide faster delivery times. However, weighing the pros and cons of such a big move. We can help with this! Here are some key challenges for most Mexico-based manufacturers: ✅USD to Pesos Exchange Rate ✅High Borrowing Costs ✅Inflation in Mexico ✅Rising Labor Costs These main challenges and more are discussed in our recent blog titled “Is Your Nearshoring Initiative Stalling?” To learn more about this topic, please click the link below to view our latest blog! https://bit.ly/3RFYvYj #nearshoring #mexicomanufacturing #diecasting #investmentcasing #forgings
MES, Inc’s Post
More Relevant Posts
-
Director level Program Management Professional with Integral Experience in Process Excellence, Sourcing, Sales, Supply Chain, Lean-Six Sigma, Quality, and IT Systems Development within the lens of Continual Improvement
Really interesting article talking about what's been happening in Mexico over the last ~4-7 years (Significant escalation of activities since COVID, but initial start during the inception of the Trump China Tariffs). Tight Capital, more expensive labor, and a less experienced workforce (problem solving, creative manufacturing methods, technical know-how, LEAN mindset) make this a much more difficult proposition to transition from entrenched Asian sources who have been able to manage costing and provide lots of technical value over the years to B2B partners globally. If you are expecting to pick up a tool from Asia, move it to Mexico, and expect the same results, think again. You will need dedicated resources to ensure you don't experience ballooning costs of product and quality as you transition.
Has your company thought about nearshoring lately? Here at MES, we have noticed a trend where customers in the United States are intrigued by the transition to working with closer plants since it can reduce costs and provide faster delivery times. However, weighing the pros and cons of such a big move. We can help with this! Here are some key challenges for most Mexico-based manufacturers: ✅USD to Pesos Exchange Rate ✅High Borrowing Costs ✅Inflation in Mexico ✅Rising Labor Costs These main challenges and more are discussed in our recent blog titled “Is Your Nearshoring Initiative Stalling?” To learn more about this topic, please click the link below to view our latest blog! https://bit.ly/3RFYvYj #nearshoring #mexicomanufacturing #diecasting #investmentcasing #forgings
Is Your Nearshoring Initiative Stalling? The Plight of a Mexican Manufacturer in 2024
https://www.mesinc.net
-
Has your company considered nearshoring? At MES, we've seen a trend towards working with closer plants for cost savings and faster delivery. Our blog, "Is Your Nearshoring Initiative Stalling?" covers challenges like exchange rates, high borrowing costs, inflation, and rising labor costs. Click below to learn more!
Has your company thought about nearshoring lately? Here at MES, we have noticed a trend where customers in the United States are intrigued by the transition to working with closer plants since it can reduce costs and provide faster delivery times. However, weighing the pros and cons of such a big move. We can help with this! Here are some key challenges for most Mexico-based manufacturers: ✅USD to Pesos Exchange Rate ✅High Borrowing Costs ✅Inflation in Mexico ✅Rising Labor Costs These main challenges and more are discussed in our recent blog titled “Is Your Nearshoring Initiative Stalling?” To learn more about this topic, please click the link below to view our latest blog! https://bit.ly/3RFYvYj #nearshoring #mexicomanufacturing #diecasting #investmentcasing #forgings
Is Your Nearshoring Initiative Stalling? The Plight of a Mexican Manufacturer in 2024
https://www.mesinc.net
-
Is your company considering nearshoring or reshoring of manufacturing from Asia to Mexico/US? Juan Fregoso provides key insights into how to navigate the complexities. Contact SCRG to learn more about how we can help you make a soft landing. #nearshoring #reshoring #electronicsmanufacturing #globalsupplychain #softlanding
Navigating Opportunities and Challenges Reshoring & Nearshoring
https://scrgww.com
-
Strategic Shifts: Texas Manufacturing Companies and the Nearshoring Movement https://lnkd.in/gdvRekUM #texas #manufacturing #mexico #nearshoring #reshoring #softlanding #novalink
Texas Manufacturing Companies and Nearshoring
https://novalinkmx.com
-
Strategic Shifts: Texas Manufacturing Companies and the Nearshoring Movement https://lnkd.in/gdvRekUM #texas #manufacturing #mexico #nearshoring #reshoring #softlanding #novalink
Texas Manufacturing Companies and Nearshoring
https://novalinkmx.com
-
Strategic Shifts: Texas Manufacturing Companies and the Nearshoring Movement https://lnkd.in/gdvRekUM #texas #manufacturing #mexico #nearshoring #reshoring #softlanding #novalink
Texas Manufacturing Companies and Nearshoring
https://novalinkmx.com
-
Strategic Shifts: Texas Manufacturing Companies and the Nearshoring Movement https://lnkd.in/gdvRekUM #texas #manufacturing #mexico #nearshoring #reshoring #softlanding #novalink
Texas Manufacturing Companies and Nearshoring
https://novalinkmx.com
-
The rise of nearshoring is reshaping manufacturing landscapes across North America, and Canada is leading the charge as the premier destination for companies seeking to relocate their operations closer to home. Check out our latest blog post where we explore nearshoring, dive into predictions for the Canadian manufacturing market, and uncover the key drivers fueling growth in the industry. Read the full article here: https://lnkd.in/gh9yeP9q #Nearshoring #Manufacturing #CanadaGrowth #BusinessExpansion
-
-
Former mayor, Obama admin alum, AZ governor candidate, and CEO. Leveraging international business expertise to empower leaders, create jobs, and build teams to achieve unrivaled success.
🚀 Arizona's Untapped Nearshoring Goldmine Is Ready to Ignite! Strategic investments and partnerships are the keys to unlocking Arizona's nearshoring potential. By leveraging our unique geographical advantage, we can revolutionize cross-border trade with Mexico, driving economic growth and creating thousands of jobs. Imagine a seamless flow of goods and services, enhanced by cutting-edge logistics and state-of-the-art infrastructure. This isn't a future vision—it's an imminent reality if we act smartly and swiftly. Arizona stands at the forefront, poised to reshape North America's trade landscape. It's time to capitalize on these opportunities and make Arizona a hub of excellence in nearshoring. Dive into the full article to understand how we can collectively achieve this transformation: https://lnkd.in/gKG2rHNf Ready to be part of this change? Let’s discuss how you can contribute and benefit. Reach out today!
Nearshoring: Revolutionizing Cross-Border Trade in North America
marcolopez.com
-
There has been a huge uptick in onshoring / reshoring back to North America, which could lead to 500M sq ft of manufacturing space being needed over the next decade. There are 2 major forces behind this: 1️⃣ Global risks including geopolitical, trade relations, and supply chain bottlenecks that impede the flow of products into North America. 2️⃣ The US government is offering large incentives, including the CHIPS Act, Inflation Reduction Act and Infrastructure Investment and Jobs Act. If the last industrial real estate boom was fuelled by warehouse demand, the next wave could certainly be powered by demand for manufacturing space. Or is this a case that onshoring is simply being propped up by all the government subsidies? https://lnkd.in/gTkTW7jt
Onshoring is Leading to a Manufacturing Boom 💥
https://www.youtube.com/
Director level Program Management Professional with Integral Experience in Process Excellence, Sourcing, Sales, Supply Chain, Lean-Six Sigma, Quality, and IT Systems Development within the lens of Continual Improvement
4moReally interesting article talking about what's been happening in Mexico over the last ~4-7 years (Significant escalation of activities since COVID, but initial start during the inception of the Trump China Tariffs). Tight Capital, more expensive labor, and a less experienced workforce (problem solving, creative manufacturing methods, technical know-how, LEAN mindset) make this a much more difficult proposition to transition from entrenched Asian sources who have been able to manage costing and provide lots of technical value over the years to B2B partners globally. If you are expecting to pick up a tool from Asia, move it to Mexico, and expect the same results, think again. You will need dedicated resources to ensure you don't experience ballooning costs of product and quality as you transition.