How can companies best leverage Mexico in their global supply chain strategy?
Companies are looking to improve their Global Supply Chain and Manufacturing Strategies, which includes potentially diversifying their supply chain and manufacturing into Mexico if their market is US/North America.
Even if companies keep their Chinese supply base, manufacturers can still take advantage of the USMCA trade agreement. The strategies can include:
- Sourcing components / finished goods with local content from Mexico, for consumption in the U.S.
- Sourcing components / finished goods with local content from Mexico and imported content from China, for consumption in the U.S.
- Setting up subcontracting or manufacturing in Mexico, utilizing local content from Mexico and imported components from China and elsewhere.
- Senior Automotive Specialist