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

Ivemsa

manufacturers incentives for nearshoring to Mexico. By 2030, 2.1 Sources: [link] [link] The post Why U.S. 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. Workforce Availability U.S.

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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. Sources: [link]. With the “Great Resignation” gaining steam in the U.S., economy up to $1 trillion.

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Three Leading Sectors Benefiting from Manufacturing in Mexico

Ivemsa

operators are considering nearshoring for the first time. It has chosen Monterrey for its next factory location as it expands worldwide production to reach a goal of 20 million electric vehicles per year by 2030. Tesla is among one of the many global companies that have recently announced expansion.

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3 Key Factors Benefiting the Growth of Manufacturing in Mexico

Ivemsa

is Mexico’s leading source of FDI, amounting to $100.9 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. Sources: [link]. From 1993-2020, bilateral trade between the U.S.

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With great Power come great Emissions: IT vs. Environment

Vilmate

The issue is that many data centers rely on electricity generated from non-renewable sources such as coal, oil, and natural gas. These energy sources are major sources of greenhouse gas emissions and other pollutants, worsening air quality and speeding up climate change. Reducing emissions. Product recycling.