Nearshoring in Mexico boosts industrial real estate sector in 2023
Mexico’s industrial real estate sector experienced a historic year in 2022 thanks to the nearshoring effect, which has led to an unprecedented relocation of production and supply chains along the country’s northern border. As a result, more than 68 million square feet were consolidated in almost five hundred transactions, representing the highest level of space […]
Nearshoring: What is it and how does it benefit Mexico?
The strategic position of Mexico and the increase in tension between China and the United States, due to geopolitical and economic problems, have caused various companies to have difficulties in shipping their products from abroad. These key factors have positioned Mexico as an attractive country for foreign investment and the establishment of companies. Find out […]
Main benefits sought by workers in manufacturing industries
The manufacturing sector has one of the highest turnover rates. One of the main reasons for this phenomenon is the mismatch between the benefits offered by employers in this sector and the benefits desired by workers. Competitive salary and benefits The average salary of a manufacturing employee is $15,248 MXN per month. Therefore, it makes […]
How to measure your company’s productivity?
Labor productivity is an economic parameter that reflects the volume and efficiency of employees. The question of how to achieve optimal productivity is always relevant, and the task is very difficult. It is not easy to immediately identify the factors affecting the professional activity of specialists and the result of their effort in relation to […]
Top 7 production trends in 2023
Manufacturers are still recovering from the effects of the coronavirus pandemic and face a number of challenges: The skills shortage The skills gap Bottlenecks in the supply chain New roles for workers in the course of automation. Retaining and recruiting new employees Doing more with less Over the past decade, the number of manufacturing […]
Electromobility in Mexico
Mexico is the seventh largest automobile producer in the world. However, so far, there are several companies that have plans to build electric vehicles in Mexico among the major automakers. As announced, the group wants to produce a small SUV at its plant in the State of Mexico. The model was originally destined for Ford’s […]
What are the largest industries in Mexico?
Although Mexico has rich natural resources for the development of industry, it is still an industrial-agrarian country. This is due to the fact that the development and growth of the Mexican economy began in the 1950s. This phenomenon was called at the time the “Mexican miracle”. Mining industry There are 3 main mining areas. In […]
Requirements for entry and residence in Mexico
The legal basis for the right of residence is the Migration Law (LM) and the associated regulation (Reglamento de la Ley de Migración – RLM). The competent authority is the Mexican immigration authority (Instituto Nacional de Migración – INM). Mexican immigration law distinguishes between non-permanent residents (visitors), permanent residents (temporary residents), and immigrants (permanent residents) […]
Mexico, leader in export
The development of international trade and integration into global value chains have contributed to Mexico’s booming foreign trade, based in particular on industrial products such as automobiles. Capturing more than 80% of Mexican exports, the United States is Mexico’s main export market, which is therefore highly dependent on U.S. demand: Mexico is the second largest […]
Advantages and benefits of sustainable mobility
Mobility is an issue that affects everyone. In general terms, mobility describes the ways in which we can and want to move around. The issue of transportation is therefore part of mobility. On foot, by bicycle, by car, or by public transport: there are numerous ways in which you can cover your daily routes or […]
