Ivemsa

OCTOBER 4, 2023

Nearshoring to Mexico has been a successful strategy for global manufacturers throughout the years. manufacturers, with more choosing nearshoring to Mexico instead. manufacturers are relying on Mexico shelter services to quickly get them set up for success. In the first four months of 2023, trade between the U.S.

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Ivemsa

SEPTEMBER 30, 2022

manufacturers are considering nearshoring to Mexico as a competitive advantage that’s worth the commitment. Nearshoring manufacturing rose to popularity in the 1980s as U.S. manufacturers to reshore to North American markets, thereby making Mexico the optimal choice over China. The Shift from China to Mexico.

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Ivemsa

MAY 19, 2022

Over the past several decades, Mexico has emerged as one of the leading manufacturing locations , offering multiple benefits for U.S. and Mexico means fewer supply chain disruptions and faster deliveries compared to manufacturing in China. manufacturers counting on shipments coming from China. Site Selection. Though most U.S.

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Ivemsa

MARCH 15, 2023

For decades, nearshoring to Mexico has been integral for automotive manufacturers. Global brands including Ford, GM, and Volkswagen have relied on Mexico manufacturing to meet the market’s growing demand. Read more: Is Nearshoring to Mexico Sustainable? manufacturers to operate in Mexico. With the U.S.

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Ivemsa

OCTOBER 19, 2023

However, in recent years, more manufacturing companies have chosen to diversify their portfolios and expand their production to Mexico, if not move it altogether. Though it’s been effective for decades, manufacturing in Mexico has become the preferred choice for U.S. due to low labor costs. The trade conflict between the U.S.

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Ivemsa

SEPTEMBER 29, 2022

Manufacturers seek out areas of production close to their end market. Typically, when a company chooses nearshoring to Mexico, it’s because their target audience is in North America, and they want to establish a manufacturing footprint closer in proximity than Europe or Asia. The Slowdown of China Manufacturing.

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31 West

JUNE 9, 2018

There are 3 main types of outsourcing which are onshore, nearshore or offshore. Nearshore refers to outsourcing to a company in a neighboring country. A perfect example would be a company based in the US outsourcing jobs nearshore to Mexico or offshore to India. Account Payable. Account Receivable. Manufacturing.

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Ivemsa

OCTOBER 19, 2022

The manufacturing industry moves quickly with changes frequently occurring, though its terminology remains constant. It is part of the foundation of what to expect when manufacturing in Mexico and is used frequently in discussions regarding the future. A maquiladora is a term for a manufacturing factory in Mexico. Nearshoring.

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Ivemsa

SEPTEMBER 19, 2024

Efficiency is a priority for every manufacturer, which is why so many decide to work with a Mexico shelter company when setting up their foreign operations. However, there are several factors to consider when planning nearshore services , many of which remain in the control of the manufacturer.

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Ivemsa

OCTOBER 6, 2021

Before production can begin, manufacturers must make sure everything is in order with regards to local law, customs, and tax compliance. Fortunately, a unique advantage of nearshoring to Mexico is companies have the option of manufacturing under a shelter. Either way, there are multiple advantages of nearshoring to Mexico.

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Ivemsa

APRIL 14, 2023

Nearshore manufacturing has remained a hot topic over the past decade, particularly rising in popularity post-pandemic. However, the truth is nearshoring manufacturing has been a well-known business strategy for 50+ years. and other foreign manufacturers to operate in a more cost-effective way.

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Ivemsa

MAY 3, 2023

Many factors over the years have led to a surge of foreign operators nearshoring manufacturing to Mexico. Though the concept is decades-old, challenges with manufacturing in China and lingering effects from the global pandemic have caused Mexico to be in the spotlight once more. and Mexico makes it an optimal choice.

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Ivemsa

APRIL 17, 2023

Nearshoring to Mexico has been a key strategy for decades as U.S. and other foreign operators search for ways to reduce manufacturing costs. Here’s an overview of where the nearshoring process begins and how a shelter company can help. The post Where to Start with Nearshoring to Mexico appeared first on IVEMSA.

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Ivemsa

APRIL 12, 2024

Nearshoring to Mexico offers a range of benefits for U.S. manufacturers looking for a high-quality solution that’s cost-effective enough to expand. Here’s a look at why Mexicali stands out as a prime industrial spot for those nearshoring to Mexico and how a Mexico shelter company like IVEMSA can make site selection easier.

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Ivemsa

JULY 31, 2023

The manufacturing industry is focused on keeping up with demand in the most cost-effective way possible. Though nearshoring to Mexico is not a new strategy, it is one more companies are considering for the future. manufacturers as the generational shift is showing fewer people interested and/or qualified in industrial work.

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Ivemsa

MAY 22, 2024

The focus on nearshoring to Mexico has become a common thread in discussions among American manufacturers over the past several years. has been another key factor causing manufacturers to seek out Mexico as a long-term solution. Recruiting Workers Via Shelter Manufacturing Services Shelter services in Mexico help U.S.

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Ivemsa

SEPTEMBER 23, 2024

In particular, manufacturers have raised concerns over minimizing opportunities by solely relying on China’s shaky supply chain. Portfolio diversification has become a go-to solution, allowing manufacturers to maintain active production facilities in China while simultaneously launching new production in Mexico.

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Ivemsa

APRIL 17, 2024

Nearshoring to Mexico comes with its own built-in benefits compared to operating in the U.S. Lower labor costs and lease prices, as well as unique tax exemptions, are the main areas where manufacturers can save. and other foreign manufacturers set their sights on nearshoring to Mexico when they want to expand.

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Ivemsa

MAY 26, 2023

Nearshoring to Mexico has become a go-to strategy for many as more companies are expanding their portfolio and setting their sights on what Mexico has to offer. In the first part of 2022, $32 billion of FDI was reported, with $11 billion contributed by manufacturing alone. Why the interest in manufacturing in Mexico?

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Ivemsa

NOVEMBER 30, 2023

The current state of manufacturing has shown China is no longer the attractive location it once was. However, the past few years have highlighted many of the persistent issues with outsourcing to China, leaving many to consider nearshoring to Mexico as an alternative. manufacturers. manufacturers.

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Ivemsa

MAY 21, 2024

For decades, American manufacturers have benefited from the low cost of industrial labor and the convenient location Mexico offers to expand their production and meet growth demands. manufacturers to consider nearshoring to Mexico instead. manufacturers to establish their own opportunities through the CHIPS and Science Act.

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Ivemsa

MAY 25, 2023

However, to receive this tax savings, there are several compliance obligations required when nearshoring to Mexico. A shelter provides the expertise, experience, and local knowledge to ensure foreign manufacturers are compliant during all stages of production. This includes HR, accounting, and customs software and implementation.

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Ivemsa

JULY 23, 2024

and other foreign manufacturers wanting to leverage the full potential of nearshoring to Mexico. It’s encouraged global brands from various sectors – including automotive, aerospace, and medical device manufacturing – to continue increasing their foreign direct investment, making the U.S.

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Ivemsa

FEBRUARY 17, 2023

IVEMSA will deliver its full suite of shelter services , including permitting, IMMEX program application/implementation, recruiting, HR support, import/export compliance, and finance and accounting services. IVEMSA’s flexible approach and customized services allow manufacturers to scale up and down as needed.

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Premier BPO

JUNE 1, 2021

Contracting to regions nearby for cost reduction or talent expansion is termed nearshoring. Creating new accounts. For example, internal functions like Human Resources and Accounts Management. Back Office services may consist of but are not limited to: Payroll and Accounting. Compliance and Manufacturing.

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Ivemsa

JANUARY 30, 2024

Customization continues to be a business buzzword in 2024, and it’s no different for manufacturing. Though more companies are becoming familiar with the benefit of nearshoring to Mexico, not all business leaders know exactly what it entails and if the solution is a right fit for them. and other foreign operators.

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NoonDalton

APRIL 4, 2022

Payroll and accounting processes, for example, are suitable for BPO since they are conducted the same or similarly from company to company. Accounting, information technology (IT) services, human resources (HR), quality assurance, and payment processing are examples of back-office tasks, sometimes known as internal business functions.

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Ivemsa

AUGUST 23, 2023

companies manufacturing in Mexico have been historically successful and continue experiencing strong growth across all sectors. The medical device industry, in particular, has become a hub of production, following in the footsteps of global manufacturers like Medtronic, Stryker, and Johnson & Johnson. market for medical devices.

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Ivemsa

AUGUST 23, 2023

Manufacturing in Mexico has grown exponentially over the years, particularly in the automotive industry. manufacturers have been incentivized by USCMA trade provisions regarding original auto content, as well as legislation on microchip production. automakers have benefited from nearshoring for decades. Recently, U.S.

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TMS

FEBRUARY 24, 2023

To understand what nearshoring is, first it’s necessary to understand what offshoring is. It is when a company moves its operations or manufacturing to a lower landed cost country. That is a country where it costs less for the company to operate and manufacture products. So, what is IT nearshoring, and why it is so common?

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Pure Moderation

AUGUST 18, 2022

These are: Marketing Accounting Data Processing IT (Information Technology) enabled services Customer service Payroll. This gives companies more financial resources to focus on areas like: Manufacturing Production Main business trade. Nearshore Outsourcing. Nearshore outsourcing or nearshoring is similar to offshoring.

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Ivemsa

DECEMBER 27, 2021

Mexico manufacturing is a leading strategy for U.S. Though not a new approach, it’s one that’s being revisited as companies increase their current foreign direct investment (FDI) or consider manufacturing in Mexico for the first time. billion USD, which accounts for over 39% of investment into Mexico. manufacturers.

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Ivemsa

FEBRUARY 17, 2022

While the pandemic is what initially sparked a series of delays and stunted foreign operations, manufacturers are still reeling from residual challenges two years later. For many, that involves manufacturing in Mexico. manufacturers that choose to operate in Mexico. However, Mexico manufacturing is not a new strategy.

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NoonDalton

FEBRUARY 20, 2023

More control: You can focus on increasing the output and sense of accountability within your core group of employees while having chosen teams of the best caliber handle other demands. Manufacturer Outsourcing Manufacturer Outsourcing concentrates on a certain procedure.

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Groove Technology

SEPTEMBER 26, 2024

Offshore vs. Nearshore vs. Onshore vs. Hybrid Outsourcing Differences When contemplating externalized software development, it's crucial to understand the available paradigms. Nearshore Outsourcing Nearshore outsourcing involves partnering with development teams in neighboring countries or those within similar time zones.

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Groove Technology

AUGUST 7, 2023

It could be anything from customer support and IT services to manufacturing and logistics. There are generally three main options: offshore, nearshore, and onshore outsourcing. Nearshore outsourcing refers to partnering with a company in a neighboring or nearby country, offering geographical proximity and some cultural affinity.

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Premier BPO

AUGUST 19, 2021

E.g. IT Support, Customer Care, Contact Center, Accounting, etc. Nearshoring. Contracting services or a country or region near to the location of the domestic company is nearshoring. It provides control over operations with a lowered cost of manufacturing. Business Process Outsourcing (BPO). Example: U.S. General Terms.

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