HSBC Global Viewpoint
HSBC Emerging Markets Spotlight Podcast Series - Nearshoring to Mexico: It's happening already, what's next?
Nov 1, 2023
This podcast discusses the growing trend of nearshoring in Mexico and why it is an attractive location. It explores the opportunities and challenges of nearshoring, particularly in the automotive industry. The podcast also highlights the challenges faced by the Mexican economy and the regional development in southern states. Overall, it provides insights into the complex and important issues facing emerging markets.
24:45
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Quick takeaways
- Nearshoring in Mexico involves companies investing in local manufacturing facilities to serve their markets more efficiently.
- Mexico's competitive advantages in sectors like automotive, metal works, and medical devices make it an attractive destination for nearshoring.
Deep dives
The Phenomenon of Near-Shoring in Mexico
The podcast discussion revolves around the phenomenon of near-shoring in Mexico and its impact on the Mexican economic outlook. Key factors driving near-shoring include structural changes in global value chains, the US-China trade war, and political initiatives like the USMCA. However, near-shoring does not involve the complete relocation of investments or value chains. Mexico has the right context to benefit from near-shoring, but challenges remain, such as the need for reliable and clean energy, developing human capital, and improving logistics and infrastructure.
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