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Nearshoring to Mexico: A Strategic Shift for North America

Intugo

As hiring difficulties rise, many organizations are nearshoring to Mexico as an appropriate solution. Moreover, the current skills competition found in the labor market has driven wages higher, making it difficult for businesses to maintain growth without significantly increasing their payroll expenses. Competitive wages in the U.S.

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Global Locations State of the Market 2023: Changing Locations Landscape in the Face of Economic Uncertainty | Locations PEAK Matrix®

Everest Group

Global Locations State of the Market 2023: Changing Locations Landscape in the Face of Economic Uncertainty Offshoring/nearshoring has seen an uptick across functions as enterprises have embarked on a road to recovery post the pandemic.

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Offshore software development: All you need to know

The Scalers

What is the difference between offshoring, outsourcing, nearshoring, and onshoring? Nearshoring consists of setting up an engineering team in a neighbouring country with minimal time zone differences. Offshoring differs from outsourcing, nearshoring, and onshoring, mainly in terms of team commitment and location.

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What Is Outsourcing? All You Need To Know!

31 West

But there are other important parts of your business like payroll processing, IT infrastructure, call center outsourcing etc. There are 3 main types of outsourcing which are onshore, nearshore or offshore. Nearshore refers to outsourcing to a company in a neighboring country. Payroll Processing. How Do You Outsource?

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Where to Start with Nearshoring to Mexico

Ivemsa

Nearshoring to Mexico has been a key strategy for decades as U.S. Here’s an overview of where the nearshoring process begins and how a shelter company can help. Site Selection Analysis As the first step in the nearshoring setup, there are several factors to consider when choosing the right manufacturing site.

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Customizing Nearshore Manufacturing to Meet Company-Specific Needs

Ivemsa

Nearshoring to Mexico has become the go-to strategy for U.S. While nearshoring manufacturing is advantageous to all sectors , most companies require customization to ensure the solution fits both their short- and long-term needs. This saves on costs and speeds up set up time when nearshoring to Mexico.

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Advantages & Setup Requirements of Nearshoring to Mexico

Ivemsa

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. One of the first steps in nearshoring to Mexico is whether or not to set up an entity. The question then remains: shelter or standalone?