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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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Key Software Development Outsourcing Statistics and Trends for 2024

Groove Technology

Nearshoring Preferences: North American companies increasingly favor nearshore outsourcing in Latin America to facilitate collaboration in similar time zones. 22% by 2030, making them some of the fastest-growing roles in tech (US Bureau of Labor), particularly in the business process outsourcing sector.

Software 100
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Ranking the Best Countries to Outsource Software Development in 2024

Groove Technology

from 2024-2030 (Grand View Research, 2023). Its time zone alignment with North America makes it an attractive nearshore option for US companies. What's the difference between offshoring and nearshoring in software development? Kearney, India leads the rankings for IT service outsourcing, followed closely by China and Malaysia.

Software 130
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A Complete Guide to Outsource Software Development Successfully for Your Projects

Groove Technology

According to a report by Korn Ferry, by 2030, there will be a global talent shortage of more than 85 million people. This cost reduction stems from lower labor costs in certain regions, reduced overhead expenses, and the ability to scale resources as needed.

Software 130
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Why U.S. Manufacturers Are Operating in Mexico Now More Than Ever

Ivemsa

manufacturers incentives for nearshoring to Mexico. By 2030, 2.1 Here are other benefits U.S. manufacturers can consider. Read more: FAQ on Manufacturing in Mexico. USMCA Rules of Origin The USMCA was officially enacted in 2020 and provides U.S. Under the USMCA, 75% of auto content is required to be made in North America.

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Medical Device Manufacturing in Mexico: How Shelter Companies Champion Growth

Ivemsa

Globally, the medical device industry is expected to grow from $536 billion in 2023 to nearly $800 by 2030. manufacturers are seeing the benefits of nearshoring to Mexico as a way to save costs and meet market deadlines. market for medical devices. However, growth isn’t limited to a single state. As a result, a rising number of U.S.

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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.