With the recent reorganization of global supply chains due to the Covid-19 pandemic and trade tensions between the United States and China, foreign direct investment in Mexico is an increasingly attractive option for US manufacturers. Global conditions now greatly favor relocating manufacturing plants and processes from industrial parks in China to sites located in the […]
Nearshore Manufacturing Trends The last two pandemic years have significantly changed the strategies, and ways companies elect to do their work. In addition to the current health emergency, the relatively recent trade war with China and the update of the treaty between the United States, Mexico, and Canada (USMCA) has caused many companies to consider […]
By definition, the metalworking industry is a supplier to other links in the production chain of items such as custom-made machinery, consumer goods, and metal tools. Metalworking encompasses manufacturing activities that produce industrial machines and tools that supply parts to other related industries, with metal and iron alloys being their basic input for use in […]
We are very honored to announce that effective June 7, 2021, Genoveva Sanchez Cruz was promoted from Sr. Director of North America Operations to VICE-PRESIDENT of OPERATIONS and continues reporting directly to Iram Chavez /President and CEOGenoveva has been working for Prince for over 3 years where she has demonstrated success driving our Operational team’s […]
Rising wages and a shortage of affordable and available labor in the United States make Mexico and its workforce an attractive alternative.Manufacturers, well as restaurants, retail stores and many other classes of businesses in the United States are being forced to raise the wages of their workers. This is being done in an urgent effort […]
Shelter Manufacturing in Mexico – Variations, Risk Mitigation, and More [Video] This podcast is a continuation of a previous discussion regarding the issue of operating a manufacturing facility at reduced risk in Mexico under the shelter program business model. We examine variations on the model such as start-up and business incubator services. Our discussion […]
Shelter Manufacturing in Mexico – Introduction [Video] We discuss the four principal ways to initiate and maintain manufacturing operations in Mexico these include contract manufacturing agreements, joint-venture partnerships, wholly-owned subsidiaries, and Mexico Shelter Maquiladora Services. We explain how the Shelter Manufacturing program works in Mexico. In detail, we discuss the advantages of operation under a Shelter […]
The automotive manufacturing cluster in Mexico is present in approximately 14 states of the republic. This industry grouping is located in the nation’s border region and in some of the centrally located states of the country. Recent studies reveal that companies in the automotive manufacturing cluster in Mexico have a total of 20 production complexes […]
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