The access CPI provides US manufacturing executives was a major hit during their 2013, 4th quarter tour of aerospace manufacturing facilities in Baja California, Mexico. “We’ve kept up the specialized tours every quarter since then,” said Martinez, adding “Mexico has become the new China and executives in various manufacturing sectors want to see the success of nearshore operations for themselves.”
Martinez said their industry tours have attracted executives from the aerospace and defense, automotive, medical device and electronics manufacturing sectors. They are drawn to manufacturing hubs like those in Tijuana, Baja California, which boast a strong and low-cost, highly-skilled workforce, reduced logistics cost to major North American markets, and strong free trade agreements reducing import/export costs. “The tour always features industry leading manufacturing facilities with international accreditations and certifications such as NadCap and ISO,” Martinez added.
Foreign sales of manufactured goods accounted for 83% of exports in April with a majority bound for major US and Canadian markets, INEGI also reports. The surplus achievement for this April was a surprise exceeding projections by most economic outlets. A Bloomberg survey had expected the figure to be a $433 million deficit. “The strong export rebound is behind this surprise, and this is positive for growth in the coming months,” Marco Oviedo, the chief Mexico economist at Barclays Plc, told Bloomberg News.