Mexico Emerges As Top Global Manufacturing Hub Amid Nearshoring Boom
Moody's Analytics Director Alfredo Coutino analyzes the nearshoring trend, highlighting cost reduction, shorter supply chains, and risk mitigation as key drivers. Mexico emerges as a prime destination due to its geographical proximity, lower labor costs, and free trade agreements. While nearshoring offers benefits to all parties involved, infrastructure limitations, labor force challenges, and regulatory hurdles pose potential risks that require effective management. The trend is reshaping global supply chains, with Mexico poised to capitalize on the shift.
