Over a decade ago manufacturers wouldn't hesitate to say that China and other overseas locations were hands-down cheaper than anywhere in the world. That is no longer the case. The trend has shifted for both political as well as economic reasons, and Mexico has arrived to the top of the short list
Moving operations to Mexico, or nearshoring
as it's called, has now evolved from being a trend to a best practice. Co-Production International presents the following Top 10 Reasons to manufacture in Mexico
An expansion described as the single most important construction project in our region was included in President Barack Obama's budget this week. On Wednesday, the budget for fiscal year 2015 included $216 million to fund Phase II of the San Ysidro Port of Entry expansion.
Now, the money is in the hands of Congress whose members must approve the request through the appropriations process.
Members of the San Diego Congressional delegation – Rep. Scott Peters, Rep. Susan Davis and Rep. Juan Vargas - along with Sen. Barbara Boxer and Sen. Dianne Feinstein have pledged to work with others on Capitol Hill to get the funding approved.
Blame it on Nafta
Japan has ranked among the top two auto exporters to the U.S. since the 1970s, shipping Toyotas, Hondas and Nissans more than 5,000 miles across the Pacific.
The Asian nation is poised to be eclipsed this year by Mexico, which as recently as 1990 sent fewer than a quarter of a million vehicles across its northern border. Mexico's tally will reach 1.9 million in 2015, topping Canada as the biggest exporter of cars to the world's largest economy, consultant IHS Automotive estimated. U.S. light-vehicle sales rose 0.4 percent in January, figures released Feb. 3 are projected to show.
Mexican automotive industry exports to the U.S. more than quadrupled from 1993 to 2013 as output almost tripled, buoyed by lower tariffs under the North American Free Trade Agreement. Three plant openings in four months -- by Nissan Motor Co., Honda Motor Co. and Mazda Motor Corp. -- will supply the final push for Mexico's leap past Japan, which as recently as 2008 shipped almost twice as many cars to U.S. consumers.