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Before You Expand Your U.S. Manufacturing Operation, Make Sure to Consider Mexico

Ivemsa

Thanks to the Infrastructure Investment and Jobs Act (IIJA), Inflation Reduction Act (IRA), and CHIPS and Science Act, construction for U.S. manufacturing is growing. On average, manufacturing companies spent USD 16.2 manufacturers are considering when and how they’ll expand. For many, the answer is Mexico manufacturing.

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Looking for Skilled Manufacturing Labor? Look to Mexico

Ivemsa

However, manufacturing in Mexico requires a spectrum of roles ranging from entry-level to managerial. Though talent for these roles may be plentiful, retention is challenging since most prefer to perform this type of work outside of their regular full-time jobs. labor shortage has significantly affected the manufacturing industry.

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Solutions to the Biggest Issues with EV Batteries: Manufacturing, Misconceptions, and Compliance

Perficient Digital Transformation

These efforts will also create jobs in the United States around battery manufacturing and distribution. While manufacturers recommend that these are replaced in vehicles due to the workload that they face in powering passenger vehicles and reducing returns for range, these batteries still offer a wealth of capacity.

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Getting Ahead in 2023 & The Role of Mexico Manufacturing

Ivemsa

and other foreign manufacturers are considering Mexico as part of their strategy to expand production in the new year. As of November 2022, 87% of Mexico’s imports come from manufactured products. In turn, manufacturing in Mexico will help U.S. To get ahead in 2023 means Mexico manufacturing will play an even larger role in U.S.

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Brand and Retail Participation in Manufacturing Innovation

CGS Inc

Body Over the years, you have undoubtedly heard the stories chronicling large retailers’ decisions to invest in their manufacturing supply chains. Perhaps the most familiar are Walmart's historic commitments to buy products that support American jobs. This is also a critical driver for a new level of collaboration."

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Is Mexico Still Competitive for Manufacturing Costs?

Ivemsa

When comparing factors, such as labor rates, transportation fees, and an overall better sense of operational security, Mexico remains competitive when it comes to cost-effective manufacturing. Despite the 22% increase in Mexico’s minimum wage to start the new year, foreign manufacturers still benefit from a low cost of labor in Mexico.

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The Bumpy Road Ahead for US Automakers: Everything You Need to Know About the UAW Strike Disrupting the Industry | Blog

Everest Group

What the UAW is demanding Union leaders representing the striking workers are negotiating for the following: Higher wages and other benefits : The UAW has been asking for a 40% pay hike, reduced weekly work hours, revised pension schemes, improved healthcare benefits, and greater job security.