Nearshoring is the transfer of manufacturing operations or suppliers to a country close to the final demand for the product. There has been a rise in nearshoring in Mexico with the relocation of production plants from Asia, creating a boost mainly to the auto parts sector. This is a good opportunity for small and medium-sized enterprises (SMEs), according to Juan Carlos Ostolaza, General Director of the Competitiveness Center of Mexico (CCMX). SMEs, particularly those involved in metalworking, screws, and stamping can benefit from nearshoring.
«SMEs that are in the metalworking industry have a great opportunity to benefit from a new supply chain configuration,» said Ostolaza during an interview with the media. “Metalworking SMEs can participate in the production chain of seat belt buckles, as well as in air bags,” he added. According to the leader of the CCMX, nearshoring is on the rise after having decreased during the pandemic. Shortages due to the pandemic put global supply chains at risk. Source: “El Financiero”
Mexico expands its lead as a US automotive supplier
Since 2012, Mexico’s share of product manufacturing has increased almost without interruption, and the outlook is favorable. This is due to new Mexico-United States-Canada Treaty (T-MEC) rules that require a higher proportion of regional content in the automotive sector’s products. Mexico exported automotive products to the US valued at US$149,946 million in 2022, putting the US in the top spot for highest market share. Mexico’s total automotive exports to the US market went from 36.9% in 2021 to 37.7% in 2022. This has increased year after year, from 29.9% in 2012. The exception was 2019 and 2020, when the proportion did not vary at interannual rates. Other factors have had an impact on the sector, such as Russia’s invasion of Ukraine, the volatility of exchange rates, the pressure on prices in general, and the cost of raw materials and energy.
Mexico has maintained its competitiveness in the automotive industry. One example is BMW’s recent investment of US$866 million in Nuevo León to produce batteries and electric cars, and the possibility of Tesla installing an automobile plant in Mexico.
Source: “El Economista”
Guanajuato City technological summit to host over 400 robotics students
Guanajuato City, capital of the state, will host more than 400 robotics students and similar disciplines from nine states in Mexico. They will display their talent on Thursday, March 30, at the Mexican Science and Technology Olympiad. Mayor of Guanajuato Alejandro Navarro announced the regional summit. It will combine the most innovative projects of the best robotics, thanks to Idea GTO, a space created by the State Government to promote innovation.“We are extremely happy to host this technological Olympiad. The most beautiful city in Mexico will welcome participants with open arms, and we are sure that this competition will revolutionize the future of Guanajuato,” said the mayor. He thanked the Guanajuato robotics academy Q-Kids for its support. The committee of the Latin American Science and Technology Olympics (OLCyT) supports this technology summit, which is divided into eight challenges. It is open to various educational levels and the general public. Winners will be able to participate in the National Olympiad, in addition to winning cash and other prizes.
Source: “Líder Empresarial”
