Odd Lots Why a Former Freight Broker Is Making a Major Bet on Mexico
Apr 8, 2024
Matt Silver, CEO and co-founder of Cargado, brings his extensive freight experience to discuss the booming U.S.-Mexico trade relationship. He highlights how tariffs and the USMCA treaty encourage supply chains to shift closer to home. In this insightful chat, Silver dives into Mexico's key exports like automotive and electronics, and the intricate logistics of cross-border transportation. He also addresses the challenges posed by security concerns and the critical role of building trust in the freight industry as trade dynamics evolve.
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Technological Shift in Mexico Freight
- Matt Silver recalls communicating with Mexican drivers via Nextel phones a decade ago.
- Now, most drivers use smartphones and laptops, highlighting technological advancements.
Mexico's Manufacturing Boom
- Monterey, Mexico, has seen massive expansion, with many recognizable brands establishing facilities.
- This industrial growth is spreading to other Mexican cities like Saltillo, Querétaro, and Guadalajara.
Mexico's Exports to the US
- Mexico exports various goods to the US, including car parts, electronics, beer, and food products.
- Many major appliance manufacturers also have plants in Mexico.