Ivemsa

JULY 31, 2023

Though nearshoring to Mexico is not a new strategy, it is one more companies are considering for the future. It’s received greater attention in recent years because of increasing conflicts regarding trade with Asia, as well as the slowdown of supply chains during the pandemic in 2020. and other foreign operators.

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Groove Technology

OCTOBER 1, 2024

Different outsourcing models, such as offshore, nearshore, and onshore, cater to diverse business needs and preferences. According to Deloitte's 2020 Global Outsourcing Survey, 70% of companies cite cost reduction as a primary reason for BPO adoption. A KPMG survey found that 44% of organizations are considering this approach.

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Everest Group

MARCH 29, 2023

Driven by the pandemic, total equity issuance increased significantly starting in the third quarter of 2020 and remained high until the fourth quarter of 2021, resulting from regulatory support, major rate cuts, and gradual liquidity pumped into the markets by governments across the world.

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Ivemsa

OCTOBER 19, 2022

Nearshoring. Nearshoring has resurfaced as a trending term due to the shift of foreign operations from China to Mexico. It led to portfolio diversification and/or a complete move of operations to Mexico , making nearshoring the more favorable strategy in terms of supply chain security.

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Ivemsa

OCTOBER 6, 2021

They join several of the top global leaders in the manufacturing industry that have benefited from the advantages of nearshoring to Mexico for decades. Here are five reasons companies are nearshoring manufacturing to Mexico as part of their strategic operations. #1: 1: Talent Level and Employee Availability. 2: Competitive Costs.

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Ivemsa

JUNE 29, 2023

An automatic way companies can contribute to manufacturing sustainability is through nearshoring. Nearshoring has become a go-to strategy due to its cost-effective labor, favorable trade relations, and overall production reliability. Trade Relations In 2020, the U.S., The close proximity between the U.S.

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Ivemsa

SEPTEMBER 29, 2021

manufacturers are moving their facilities from China to Mexico or expanding their operations outside their headquartered city for the first time and nearshore manufacturing south of the border. In early 2020, Honda shifted production of its crossover SUV from its Guadalajara plant to its Celaya plant to optimize its operations.

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Ivemsa

SEPTEMBER 9, 2021

In 2020, both the challenges brought forth by the COVID-19 pandemic and the enforcement of the United States-Mexico-Canada Agreement (USMCA) caused many U.S. The post Nearshoring: COVID-19 and the USMCA Have Reopened the Conversation about Manufacturing in Mexico appeared first on IVEMSA. Read full article.

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Everest Group

JANUARY 26, 2022

Enterprises in North America and Europe are facing a stark reality: their onshore and nearshore labor pool has 2.4 The same is true for Nearshore Europe (e.g., headcount growth in 2022, a much more positive growth sentiment than expressed in 2020 (5.2%) and 2021 (2.7%). Although the talent in onshore geographies such as the U.S.

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Groove Technology

OCTOBER 1, 2024

from 2020 to 2027. outsourcing development but keeping project management in-house) or using nearshore options to balance cost and ease of collaboration. from 2020 to 2027. What are the key differences between onshore, nearshore, and offshore outsourcing? This strategy has become increasingly popular in the tech industry.

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Ivemsa

JULY 29, 2023

In early 2020, a well-established aluminum extrusion company (AEC) reached out to IVEMSA regarding the possibility of manufacturing in Mexico and how IVEMSA could help. Pricing transparency Pricing is the top priority for most manufacturing clients, which is why the cost-effectiveness of nearshoring to Mexico is so alluring.

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Everest Group

MAY 18, 2022

The new company will enjoy the advantage of Konecta’s strong dominance in the Spanish market, where Konecta has been aggressively expanding in the past few years, especially by acquiring four different Spanish companies that were part of the Rockethall Group in 2020.

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Zinnov

FEBRUARY 28, 2022

In fact, according to Zinnov’s strategic analysis, the deal momentum for Digital Services market continued post the second half of 2020, while a staggering 200+ deals were observed in 2021. A profound impact of virtual living – forced upon us by the pandemic – has been the adoption of nearshore models and remote work setup.

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Redial

MARCH 12, 2021

But a study from 2020 found a 95% possibility that a customer will return after a bad experience if they know that the issue they had was resolved [2]. The other consideration is the relationship with dissatisfied customers, who will only perform one interaction with the business and look elsewhere for products and services.

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The Scalers

DECEMBER 15, 2021

The pandemic could have certainly thrown a spanner in the works, but due to the groundwork put in place in 2020, we handled it even better than last year. The launch of an operations centre in Romania gives our European partners a nearshoring avenue to venture down. In a nutshell, it’s been a year of phenomenal growth for the business.

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Ivemsa

APRIL 7, 2022

Nearshoring manufacturing to Mexico has its advantages over operating in China, though there are frequently asked questions that must be answered in order to help make a decision. manufacturers nearshoring to Mexico can often receive shipments within the same day they are shipped out, depending on how close facilities are to the U.S./Mexico

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Future of Digital Sourcing Nearshoring

FEBRUARY 26, 2019

…nearshoring may be a better term. businesses – the cost benefits of offshoring and the productivity benefits of nearshoring, on-shore. Nearshore providers in Puerto Rico can easily work with clients on-site to ensure that projects stay on budget with minimal disruption to the way clients have traditionally worked.

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3Pillar Global

SEPTEMBER 2, 2020

Leading nearshore software developer launches second of numerous Tiempo Flex solution sets to address ad hoc client demands. Tempe, Arizona, September 2020) – Tiempo Development announced today Tiempo Flex Cloud Cost Management – a new solution set to meet the growing complexity and challenges of managing costs in the cloud.

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Ivemsa

MARCH 14, 2023

Mexico manufacturing has continued to grow over the years, rising 21% between 2020 and 2021. As more companies are considering this nearshoring strategy, here are a few important questions to always keep in mind. As more companies are considering this nearshoring strategy, here are a few important questions to always keep in mind.

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Ivemsa

APRIL 7, 2022

The North American Free Trade Agreement (NAFTA) served its participating countries well by placing value on nearshoring and as a result, it boosted exports, created manufacturing jobs, and increased wages for industrial labor. manufacturers to grow as well. Here’s how: Automotive Manufacturing. million units to 3.5 million units.

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Customer Serv Outsource Smarter

DECEMBER 16, 2022

If 2020 and 2021 were years of change, transformation, and tumult in the business process outsourcing (BPO) world, how do we describe 2022 ? During the COVID surge of 2020, the primary focus for BPOs was a rapid shift to work-at-home with a massive investment in remote architecture, training, systems, security, and agent collaboration tools.

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3Pillar Global

SEPTEMBER 28, 2020

Leading nearshore software developer launches cloud-smart solution for planning, implementation and management. Tempe, Arizona, September 2020) – Tiempo Development announced today Tiempo Flex Cloud Migration Services – a new solution to meet the growing complexity and challenges of migrating applications to the cloud.

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Ivemsa

JUNE 29, 2022

The first round of economic reactivation projects was announced near the end of 2020 and featured 39 projects worth an estimated $13.8 Read more: Unique benefits of nearshoring to Mexico for U.S. billion USD. and ultimately link to centers in Winnipeg, Canada. manufacturers. Favorable Trade Policy.

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Ivemsa

JUNE 29, 2022

The first round of economic reactivation projects was announced near the end of 2020 and featured 39 projects worth an estimated $13.8 Read more: Unique benefits of nearshoring to Mexico for U.S. billion USD. and ultimately link to centers in Winnipeg, Canada. manufacturers. Favorable Trade Policy.

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Ivemsa

SEPTEMBER 30, 2021

It makes logistical and strategic sense to see the shift of more manufacturing companies taking advantage of the benefits nearshoring to Mexico delivers. With regards to the aerospace sector, Mexico has grown from 100 manufacturing firms in 2004 to 368 by mid-2020, with an estimated 48 percent of foreign direct investment in 2019.

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Ivemsa

JANUARY 20, 2022

manufacturers, this means nearshoring to Mexico to help create a more reliable operating base compared to China. In 2020, overseas operations were severely delayed, if not shut down altogether, with these challenges continuing well into 2021 without an end in sight. For many U.S. Numerous updates have led U.S.

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Future of Sourcing

JUNE 12, 2018

Among the most prominent in this group include: Bulgaria – This Balkan country has truly come on strong as a nearshore delivery point over the past few years. Honduras – The Central American outsourcing upstart continues its march toward prominence in the American nearshore.

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Ivemsa

SEPTEMBER 5, 2023

USMCA Rules of Origin The USMCA was officially enacted in 2020 and provides U.S. manufacturers incentives for nearshoring to Mexico. Here are other benefits U.S. manufacturers can consider. Read more: FAQ on Manufacturing in Mexico. Under the USMCA, 75% of auto content is required to be made in North America.

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Ivemsa

DECEMBER 10, 2024

companies consider nearshoring to Mexico , its valuable to reassess the benefits the USMCA provides. Strengths of the USMCA For years, the United States, Mexico, and Canada operated under NAFTA before the USMCA officially replaced it in 2020. The USMCA focuses on furthering the manufacturing activity within North Americas trade bloc.

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WebCreek

MAY 21, 2021

Especially since 2020, with the rise of COVID-19, Digital Transformation has become a make-or-break issue for businesses in a wide variety of industries and services, determining success or failure against competition. The post Digital Transformation: A Roadmap for Success appeared first on IT Nearshoring | WebCreek.

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Chazey Partners

OCTOBER 6, 2020

CALIFORNIA– October 2020 – Chazey Partners, a leading management consulting firm specializing in Shared Services , Business Transformation and Robotic Process Automation (RPA) , has been expanding its RPA team globally to meet the increasing demand of the RPA implementation projects.

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WebCreek

MAY 30, 2022

Just 2020 had companies spending over US$52 Billion in costs related to workplace related incidents. The post Virtual Reality: The New Workforce Training Solution appeared first on IT Nearshoring | WebCreek. VR allows them to make the mistake, see how they got there, remedy the mistake and know how to avoid making it again.

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Zinnov

OCTOBER 20, 2021

The average talent pool accounts for 213k+ individuals yearly (fresh + experienced talent), with an annual attrition rate of ~8% only, as of 2020.This Bn, as of 2020. Developing a nearshore COE in Mexico has helped leaders be up to date with project developments due to its close proximity to the U.S. Connectivity.

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Ivemsa

NOVEMBER 29, 2021

Though most businesses have adapted and are becoming fully operable following the shutdowns of 2020, the supply chain is still playing catch up. Nearshoring to Mexico is a solution that helps to offset many of these challenges and gives manufacturers a greater sense of security moving forward. Lengthy Port Delays.

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Zinnov

JANUARY 30, 2022

While the mega-deals (> USD 5 Bn) jumped to 181 (vs 111 in 2020), the mid-market (USD 1-5 Bn) deal activity also saw a triple-digit increase in 2020. SPAC (Special Purpose Acquisition Company) listings also had a record year with ~3x listings compared to 2020. In 2021, the aggregate deal value crossed USD 5.8

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Ivemsa

MAY 20, 2022

from 1993-2020. These numbers exemplify the security and growth of nearshore manufacturing in Mexico and how the IMMEX maquiladora industry has continued to thrive. In fact, the U.S. remains Mexico’s top source of foreign direct investment (FDI) at just over 39%, or $100.9 billion USD, per the most recent data published by the U.S.

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Unosquare

JULY 28, 2023

million from the number seen in 2020. With nearshoring, you gain access to skilled developers at competitive rates. Find out more by reading Unlock the Secret to Cost Savings with Nearshore Software Development. The global developer population will reach 28.7 million people by 2024. That’s an increase of 3.2

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