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

APRIL 15, 2024

Successfully nearshoring in Mexico starts with establishing the best possible location for production. marke t, it helps to reduce transportation time and costs. are located in the Midwest or East Coast, Monterrey is the nearest point in Mexico that has the quality of life, infrastructure, and security manufacturers are looking for.

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Ivemsa

MAY 2, 2023

The manufacturing industry continues to evolve as more companies consider nearshoring to Mexico as a production strategy. Regardless of the sector, one of the first questions business leaders always ask is: how much will it cost to operate? First-time setup for foreign manufacturers requires several types of costs.

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Ivemsa

APRIL 6, 2022

Manufacturing has evolved over the past 30 years from what was mostly a closed economy to becoming one of the largest export-driven, open economies in the world. manufacturing leaders said their company has reshored at least a portion of their operations, with an additional 22% revealing plans to reshore within the next three years.

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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. Here’s how: Lower Labor Costs Mexico’s competitive labor market is one of the key reasons why U.S.

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Ivemsa

MARCH 28, 2022

Nearshoring to Mexico is not a new concept. Foreign manufacturers have benefited for decades, with most facilities conveniently set up right across the U.S./Mexico Merida is one of the main locations to keep on the shortlist of places to set up nearshoring to Mexico. Low Labor Turnover. Mexico border.

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Ivemsa

FEBRUARY 17, 2023

IVEMSA’s flexible approach and customized services allow manufacturers to scale up and down as needed. and other foreign manufacturers thrive in the space. With Mexico manufacturing on the rise in recent years, companies are considering diversifying their nearshoring opportunities.

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Ivemsa

APRIL 29, 2024

Mexico’s cost-effective labor is one of the main advantages for U.S. manufacturers. has proven challenging in recent years due to the slowdown of workers interested in entering the manufacturing industry. Furthermore, industrial labor costs are much higher in the U.S. Finding skilled workers in the U.S.

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Ivemsa

MARCH 29, 2022

Merida has become a location of conversation among manufacturers seeking their next long-term investment when nearshoring to Mexico. and other foreign manufacturers can benefit from a quality way of life with optimal growth potential and labor stability. Labor Stability and Facility Availability. Mexico border.

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Ivemsa

OCTOBER 30, 2024

As the last months of the year rapidly approach and manufacturers set their sights on 2025, it’s a good time to reflect on how industry dynamics have shifted over the past 12 months. Though the industry is constantly in a state of flux, manufacturing in Mexico remains the best option for those with a U.S.

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Ivemsa

JANUARY 19, 2022

The manufacturing industry has experienced a heightened sense of uncertainty over the past two years due to the pandemic. However, despite the ups and downs of change, Mexico’s manufacturing solutions still remain a highly competitive opportunity. Cost-Effectiveness of Skilled, Available Labor.

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Groove Technology

AUGUST 7, 2023

Benefits of Software Development Outsourcing Companies Cost-effectiveness: Hiring a software development outsourcing company can often be more cost-effective compared to maintaining an in-house development team. It could be anything from customer support and IT services to manufacturing and logistics.

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NoonDalton

APRIL 4, 2022

Commonly outsourced functions include customer service and call centers, accounting administration, HR, information technology management and services, manufacturing, marketing, sales, shipping, and logistics. You probably won’t save money, because nearshore companies likely pay their employees the same. . Types of BPO.

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Ivemsa

OCTOBER 21, 2021

Change isn’t anything new in the manufacturing industry. and other foreign manufacturers, it’s causing many to shift gears and move operations south of the border. and other foreign manufacturers, it’s causing many to shift gears and move operations south of the border. Lower Costs. With a trade war between the U.S.

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Pure Moderation

AUGUST 18, 2022

This gives companies more financial resources to focus on areas like: Manufacturing Production Main business trade. Lower costs spell good news for employees. For instance, businesses may offshore IT software development to countries with low labor costs. Nearshore Outsourcing. Captive Business Process Outsourcing.

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Groove Technology

SEPTEMBER 26, 2024

Costs One of the primary drivers for outsourcing is cost savings. A study by Accelerance found that companies can save up to 40-70% on development costs by outsourcing to countries with lower labor costs. However, it's crucial to consider hidden costs such as communication overheads and potential quality issues.

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Ivemsa

DECEMBER 27, 2021

Mexico manufacturing is a leading strategy for U.S. companies considering an operational expansion, particularly as they pivot to accommodate for the industrial labor shortage plaguing the country. For those that plan on manufacturing in Mexico in the coming years, here are three other benefits to take into account.

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IBM Services

JANUARY 31, 2024

Near-sourcing Near-sourcing, also called nearshoring, involves moving sourcing activities closer to where goods or services are sold. It can be considered an alternative outsourcing strategy: while outsourcing to distant countries may offer cheaper labor costs, it’s more difficult and costly to manage logistics.

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Ivemsa

SEPTEMBER 21, 2023

Mexico shelter services began in the 1960s, introducing a way for foreign manufacturing companies to be “sheltered” under the IMMEX program; thereby, reducing the risks and liabilities typically associated with production. One of the goals of operating under a shelter is to create a more seamless transition to nearshoring in Mexico.

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Ivemsa

JANUARY 23, 2023

Mexico shelter manufacturing has maintained significance for foreign operators since the IMMEX maquiladora program started back in the mid-1960s. Fulfilling the sophisticated needs of these sectors requires a workforce familiar with operating in a manufacturing environment. are experiencing a technical labor shortage.

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Groove Technology

SEPTEMBER 26, 2024

Let's delve into these advantages: Cost Saving One of the primary drivers for outsourcing is the potential for substantial cost savings. By partnering with offshore development teams, companies can significantly reduce labor costs without compromising quality. FAQs How many types of outsourcing are there?

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Ivemsa

SEPTEMBER 28, 2021

Nearshoring to Mexico has been a successful strategy for U.S. and other foreign manufacturers for decades. There are several advantages, such as lower labor costs, free trade agreements, and a set infrastructure that numerous global industrial leaders have relied on for their production and continued expansion.

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Ivemsa

MAY 20, 2022

and other foreign manufacturers. manufacturers operate a significant number of maquiladoras, taking advantage of the 16% import tax extension as the main benefit. These numbers exemplify the security and growth of nearshore manufacturing in Mexico and how the IMMEX maquiladora industry has continued to thrive.

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ScaleHub

FEBRUARY 15, 2023

Consider what type of outsourcers are available There are around ten different types of outsourcing companies, ranging from physical manufacturing, to IT, to project outsourcing, offshoring, and more. This results in both cost reduction for data processing as well as an opportunity to leverage additional time zones to speed processing time.

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Groove Technology

OCTOBER 15, 2024

Cost savings can vary significantly based on project complexity and the chosen partner (offshore, onshore, or nearshore). In contrast, full-project outsourcing can offer savings of 20% to 40% or more, as outsourcing vendors often benefit from economies of scale and lower labor costs in various regions.

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Vilmate

AUGUST 20, 2023

They represent a form of additive manufacturing, where an object is created by gradually adding material layer by layer. The manufacturers aren’t interested in competition. Understandably, manufacturers would lose significant profits if consumers could print the required parts at home. Pills manufacturing.

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Intugo

OCTOBER 12, 2023

BPO has its roots in the manufacturing industry. Manufacturers hired outside vendors to handle parts of their supply chains after determining that vendors could bring more skill, speed, and cost efficiency to that process than an in-house team could.

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3Pillar Global

MARCH 15, 2021

Another survey , CGS’ 2020 Business Process Outsourcing Trends (which covers IT/software projects, including accounting or manufacturing and beyond), found that 45% of executive respondents cited improving the customer experience as their primary motivation for outsourcing, while 36% said it was cost-cutting.

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3Pillar Global

MARCH 15, 2021

The idea is, companies can offer products and services at a lower rate than competitors by working with vendors in countries with lower labor costs. Outsourcing keeps businesses profitable by reducing software development and IT costs. For one, outsourcing manufacturing jobs tend to hurt low-skilled workers the most.

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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. Nearshoring has a more specific connotation.

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Ivemsa

OCTOBER 6, 2021

The manufacturing industry is ever-evolving, and there’s been a particular shift that’s picked up steam over the past several years. They join several of the top global leaders in the manufacturing industry that have benefited from the advantages of nearshoring to Mexico for decades. 2: Competitive Costs. . #2:

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Ivemsa

SEPTEMBER 18, 2024

Nearshore manufacturing in Mexico has been a popular way for businesses to expand internationally. market has helped to reduce labor costs, transportation fees, and delivery times compared to other countries, particularly China. Manufacturers can also get products to the U.S. The close proximity to the U.S.

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Ivemsa

OCTOBER 19, 2023

due to low labor costs. 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. is experiencing.

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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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Ivemsa

JULY 24, 2024

Emerging technologies and shifts in trade relations between countries continually impact global manufacturing. manufacturers have chosen Mexico and/or China as their preferred international destinations for production to save on costs. manufacturers over the years. manufacturers to look elsewhere. manufacturers.

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Ivemsa

DECEMBER 14, 2022

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. And, in 2023, nearshoring will continue to boost Mexico’s economy as new foreign direct investments are made. production.

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Ivemsa

APRIL 7, 2022

manufacturers to consider diversifying their options and moving at least a portion, if not all, of their foreign operations closer to home in Mexico. Nearshoring manufacturing to Mexico has its advantages over operating in China, though there are frequently asked questions that must be answered in order to help make a decision.

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