Mexico has been successful in attracting foreign investment in a variety of industries, particularly manufacturing. The country has a strategic location, a young and growing workforce, and has signed free trade agreements with numerous countries, making it an attractive destination for companies looking to expand their operations.
Mexico’s manufacturing sector has grown steadily in recent decades, and the country is now one of the world’s largest exporters of manufactured goods. The automotive, electronics, aerospace and medical device industries are among the largest contributors to Mexico’s manufacturing output.
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In addition, Mexico has made efforts to improve its infrastructure, including the construction of new ports, roads and airports, which has helped to improve the country’s logistics capabilities and attract more investment.
However, as in any other country, Mexico continues to face challenges such as security, corruption and the need for continued investment in infrastructure and education. Nevertheless, Mexico’s success in attracting investment and building a strong manufacturing sector is a positive sign for the country’s future.
From all of the above we can deduce that Mexico has become a promising destination to establish our operations. Nearshoring in this country is on everyone’s lips, especially for North American investments that see Mexico as a guarantee to reduce production and shipping costs to the North American giant.
Still not convinced? Remember that in Mexico the automotive, aerospace, food and agricultural sectors converge in a geographical point that connects the whole world and all industries.
Finally, at the time of this writing, Mexico could assume 13th place in the list of economic powers. If this materializes, Mexico will be placed above economies such as Australia.
Undoubtedly a place that has a lot to offer. A place conducive to investment and where operations are just around the corner.