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”, […]
Posts by Lou Krause:
Mexican Automotive Industry The Mexican automotive industry represents an important sector of the country’s diverse economy. It accounts for 3% of the nation’s GDP and approximately 18% of manufacturing production (it is the second most important industry after food processing). Additionally, it is the source of approximately 1.9 million jobs in the country and […]
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 […]
As simple as it may sound to reduce manufacturing costs, many producing companies are often at a loss. But the plain fact is, it does not matter how popular your product if you can’t sell it at a profit. It pays to understand these key ways to reduce manufacturing costs and increase profitability.
Manufacturing is undergoing a huge shift some are calling the fourth industrial revolution – or Industry 4.0. Exciting times are ahead, as opportunities open up for smarter, leaner, and more innovative production processes. Just what does Industry 4.0 mean for manufacturers and their processes, and what are the exciting opportunities to look out for?
Of the many choices companies face when producing products, outsourcing manufacturing ranks among the most difficult and confusing. There are numerous benefits from utilizing manufacturing outsourcing services in many cases, but there are also pros and cons to be considered. Furthermore, there are numerous ways to outsource, and not all of them make sense in […]