HSBC Global Viewpoint: Banking and Markets

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.

Introduction

2min

Nearshoring in Mexico: Opportunities and Challenges

12min

Sectors with a Competitive Edge in Mexico and the Growing Automotive Industry

4min

Challenges in Improving the Dynamic of the Mexican Economy

3min

Regional Performance and Development in Mexico

4min

Nearshoring is a growing trend in Mexico. In this episode, we explore what nearshoring is. We look at why it is happening in Mexico, and what makes Mexico such and attractive place for the phenomenon. Finally, we explore trends companies should be aware.

Emerging Markets Spotlight is a podcast miniseries created and hosted by HSBC that seeks to explore and understand the complex and critically important issues facing the world’s emerging markets. For further insight and information around emerging markets, visit Accessing Emerging Markets | HSBC

Hosted on Acast. See acast.com/privacy for more information.

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