In recent years, nearshoring has become a hot topic among businesses looking to streamline their operations and cut costs.
Mexico has emerged as a top nearshore destination for companies in various industries, thanks to its close proximity to the United States and favorable business environment.
Consequently, this has generated large investments due to nearshore development so far in 2023. We find out more below!
New invests and projects for Mexico Nearshoring
Nearshoring is rapidly becoming a go-to strategy for many businesses looking to relocate their production facilities closer to their target markets.
This trend has been further accelerated by the post COVID-19 pandemic, which has highlighted the need for a more resilient supply chain and increased the demand for nearshoring services.
In that way, Mexico, with its proximity to the United States, is fast becoming a top destination for nearshoring outsourcing. According to recent reports, during the first quarter of 2023 alone, the country received $13.43 billion in foreign direct investment due to nearshore activities.
This investment has resulted in around 50 new projects announced in the country, with Monterrey city being the most popular destination for such nearshore investments.
So, if you’re in process to land operations in Mexico, you’ll need the integral nearshore solutions for your company. Find the best partner here!
Why do companies prefer nearshoring in Mexico?
Mexico’s geographic location and its trade agreements with various countries make it an attractive nearshore destination for businesses looking to relocate their production facilities.
Mexico is close to the world’s largest consumer market, the United States, which makes it an ideal location for nearshore outsourcing looking to tap into this market.
In addition, Mexico has a skilled labor force, which is essential for the success of any nearshore development project. The government has also been investing in infrastructure development to ensure that businesses have access to the necessary facilities to carry out their operations smoothly.
Nearshore advantages of Mexico
Mexico’s nearshoring advantages are not only limited to its location and infrastructure but also extend to its favorable economic policies.
Mexico has been implementing a range of economic policies that are aimed at attracting foreign investment and creating a favorable business environment. These policies include tax incentives, streamlined regulatory processes, and support for research and development.
Mexico is also home to several industrial clusters, which offer a range of benefits for businesses looking to set up operations and supply their nearshoring services in the country.
These clusters provide businesses with access to specialized services and suppliers, as well as a network of other companies in their industry, which can result in cost savings and increased efficiencies by nearshoring in Mexico.
Are you looking for nearshoring solutions for your company? We can help you!
The nearshoring trend is here to stay, and Mexico has what it takes to meet the demand for nearshore development services!
Grupo Zeu can help you in your nearshoring process, providing the services you need to land your company. We can bring you a lot of solutions like: Quality Control, Legal Compliance, Operative Recruitment, Financial Consulting, Backoffice outsourcing and many more!
Contact us now to enjoy the nearshore advantages!