Reducing costs in manufacturing is a crucial goal for any company looking to increase profitability and stay competitive in the market. Companies can use several strategies to achieve the desired level of manufacturing cost reduction, including:improving efficiencystreamlining processesinvesting in new technologies.One effective way to reduce costs in manufacturing is to improve efficiency. This can be […]
Rules of Origin in Mexico, as well as in North America as a whole, tell us where products come from and how they should be treated under the established rules of international trade. The “rules” are the provisions that determine the national “origin” of a product and whether that item is eligible for preferential tariff […]
Implementing advanced technology in manufacturing is fast becoming an organizational necessity. Industry 4.0, the digital technological revolution of the current information age, is giving way to a new world of work that requires greater flexibility. Business leaders are challenged to take advantage of new technologies to expand operations, boost global productivity, and stay competitive. The […]
The global shipping crisis has spread so widely that consumers could end up paying very high prices to get needed products and even Christmas gifts. The container emergency is not anticipated to end soon.The cost of importing products from China to the rest of the world has skyrocketed to unthinkable levels. This fact has motivated […]
Manufacturing quality in Mexico is due to the use of technological instruments that facilitate the control of manufacturing processes and allow for a better performance of the installed productive infrastructure. The current state of affairsThe Mexican manufacturing industry is one of the country’s economic sectors that has been most affected by the economic crisis caused by […]
Products Made in the USA Enter any large store, pick up a random item from the shelf, and look at the label. It’s highly likely that you will see the same three words on the label: “Made in China”. Depending on the product, you could say “Made in Mexico” or maybe even “Made in Taiwan”, […]
Regardless of the outcome, the election will present both challenges and opportunities for Mexico Manufacturing.On Tuesday, November 3rd the presidential election was held in the United States of America. As is the case every four years, the day signifies both challenges and opportunities for Mexico and the rest of the world. This blog post will […]
Mexican labor is 33.5% lower in cost than that in China, according to Pricewaterhouse Coopers (PwC), and the coronavirus pandemic revealed the importance of rapid responsiveness. These factors make it more attractive to invest in Mexico than in China.For U.S. companies, sourcing Mexico’s manufacturing production over goods that are made in China would mean saving […]
According to figures compiled by the Mexican Association of the Automotive Industry (AMIA),
automotive manufacturing in Mexico produced approximately 2.6 million vehicles in the first three quarters of 2019.
On June 7th, Mexico and U.S. reached a last-minute deal to avoid the imposition of punitive tariffs on US imports from Mexico. We are pleased with the outcome of the negotiations because a possible trade war has been averted. Despite this, however, Prince Manufacturing is well-positioned to service its customers on both sides of the […]
