Nearshoring to Mexico: 3 Strategic Considerations10.20.22
Nearshoring to Mexico has steadily increased in popularity over the years as a long-term strategy for U.S. and other foreign manufacturers. The low cost of labor, tax advantages through the country’s IMMEX maquiladora program, and historically solid infrastructure have provided production opportunities that have kept foreign direct investment growth at approximately $30 billion year after year.
For those considering nearshoring to Mexico for the first time, there are several benefits to exploring the option. Each supports manufacturers with regard to cost and time savings, allowing them to ramp up production and keep up with the market’s growing demand. Here are three of the strategic considerations enticing foreign operators to set up operations in Mexico.