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An Insider’s Look at Why Automotive Manufacturers Are Nearshoring to Mexico

Ivemsa

For decades, nearshoring to Mexico has been integral for automotive manufacturers. Additionally, with California’s push to have all EVs on the road by 2030, having the support of nearshore manufacturing will help to accomplish this goal. Read more: Is Nearshoring to Mexico Sustainable? With the U.S. Contact IVEMSA today.

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5 Reasons Companies Are Nearshore Manufacturing to Mexico

Ivemsa

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: million unfulfilled jobs by 2030. could result in 2.1

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Rising Prominence of Africa in Technical Support and Other Value-added Services

Everest Group

STEM-focused education – The African Union (AU) has repeatedly reinforced its commitment to science, technology, engineering, and mathematics (STEM) education among member countries. trillion by 2030, according to market forecasts. What factors have changed the perception of African talent and delivery sites? trillion by 2025 and $2.5

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Why Should My Business Manufacture in Mexico?

Ivemsa

Mexico is a top option for many foreign manufacturers wanting to nearshore or reshore their production. It’s been reported over two million manufacturing jobs will sit empty through 2030, which could ultimately cost the U.S. With the “Great Resignation” gaining steam in the U.S., economy up to $1 trillion.

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Employment and the 4th Industrial Revolution

Intugo

While some of these jobs will disappear completely, others will simply innovate to adapt to market demand, fulfilling needs that were not previously required for a specific area, but are now critical, such as better knowledge of technology and engineering.

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3 Key Factors Benefiting the Growth of Manufacturing in Mexico

Ivemsa

With older generations retiring and younger generations seeking alternative employment and career opportunities, it’s been forecasted the lack of skilled workers could cost as much as $1 trillion USD by 2030. Not only is there more qualified and available talent, the labor costs in Mexico are also lower than industrial wages in both the U.S.

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What is a Digital Twin and when you might need one?

Vilmate

billion by 2030, compared to a mere $6.30 For instance, a Component Twin could represent a particular engine or equipment in industrial settings. During the product development phase, engineers can leverage digital twins to assess the feasibility of their plans, conduct user testing, and optimize manufacturing processes.