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 […]
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 […]
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 […]
Challenges to supply chains in MexicoThose involved in supply chain management face a myriad of challenges daily. Companies must be prepared to address any volatility in their industries and predict fluctuations in demand as accurately as possible. They must construct their supply chains in Mexico to have visibility and to generate reliable data throughout the […]
Tips for selecting a contract manufacturing partner Outsourcing some of a company’s processes has long been in the arsenal of forward-looking organizations. Initially, it was primarily used as a short-term option to reduce costs or deal with a new product or a large order. As time passed, it has grown to become a fundamental part […]
The Mexican manufacturing industry accounts for 44% of the total value of annual domestic production. It is largely supported by companies using the Mexico Maquila Program (IMMEX). In addition to other positive attributes, companies enjoy advantages that are the result of eight significant benefits of the program:Tax credit for VAT paymentConsidering the large volume of […]
Even in the most efficient manufacturing operations, there are opportunities to increase overall productivity. Making several logical changes will enable companies to reduce their manufacturing costs in Mexico and, as a result, increase their revenue. Experts routinely assert that productivity is never an accident: in fact, they maintain that it’s the consequence of comprehensive […]
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 […]
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