Empowering the "Made in Mexico" brand in the era of Nearshoring

News
October 1, 2024

Mexico is undergoing a historic transformation in the manufacturing sector. The phenomenon of nearshoring - the relocation of production processes to bring them closer to end markets - and Plan Mexico have created the conditions for a new industrial transformation that will strengthen local production and the economy of millions of Mexicans.

Nearshoring and the Evolution of Mexican Manufacturing

Mexico has a long history in manufacturing, starting with the maquiladora model in the 1990s. This legacy has allowed the country to become a key player in global supply chains. Today, nearshoring in Mexico is enhancing that legacy, attracting significant investment and positioning the country's industry at the technological forefront.

In figures:

  • Investments and Projects: It is estimated that 400 new industrial park facilities will be added by 2025, with investments that could reach US$38 billion.
  • Exports and Competitiveness: In 2023, Mexico exported US$475 billion to the United States, surpassing China, highlighting the competitive capacity of Mexican manufacturing reuters.com.

These figures demonstrate that Mexico is not only a low-cost production center, but is evolving into a high value-added industry.

Plan Mexico: Strategy to Strengthen Local Manufacturing

Image: Plan Mexico Mission - Source Government of Mexico

Plan Mexico is a government strategy presented by President Claudia Sheinbaum, which seeks to reach 50% of national supply for domestic consumption, boosting import substitution.

Among other points, this ambitious plan highlights:

  • Mexico among the top 10 global economies.
  • Modernize Infrastructure: Promote the expansion and modernization of industrial parks, ports and highways, ensuring efficient logistics. Example: The expansion of the Port of Manzanillo to double its container capacity wsj.com.
  • Training and technology transfer: Develop training programs in digital manufacturing and advanced technologies, preparing the workforce for the challenges of Industry 4.0.
  • 1.5 Million additional manufacturing jobs.
  • Creation of key industries, with Made in Mexico brands, in the automotive and semi-conductor sectors.

With Plan Mexico, the government reinforces its commitment to reduce dependence on imports and boost industrial self-sufficiency, consolidating Mexico as a strategic hub in North America.

In this context, R3D is positioned as the ideal digital ally to connect brands with verified manufacturers, reinforcing the "Made in Mexico" identity through high-tech tools.

‍R3D is the digital solution that brings brands and manufacturers closer together, and connects them with cutting-edge technology to optimize and ensure their collaboration, through:

  • Immediate quotes with Artificial Intelligence
  • Secure Payments
  • Financing
  • Process optimization and quality control
  • Integrated Logistics

Access to verified manufacturers that meet high production standards.

By digitizing the supply chain, the benefits for Mexico's industrial sector include:

  • Improved competitiveness: Reducing dependence on foreign suppliers and speeding up production.
  • Global visibility: By digitizing your manufacturing companies, you will receive production orders from anywhere.
  • Innovation: Facilitates the incorporation of advanced technologies and collaboration in high-tech projects.

The evolution of Mexican manufacturing is the result of decades of industrial development.

From the days of the maquiladoras to the rise of nearshoring, Mexico has been able to adapt to global changes. Recent news from sources such as Reuters, El País and The Wall Street Journal highlight how the country is attracting significant investment to replace imports and modernize its industrial infrastructure wsj.com; elpais.com.

In addition, the consolidation of the supply chain through strategic projects and the renegotiation of the USMCA reinforce Mexico's role in global trade and support the vision of Plan Mexico.

Mexico's manufacturing landscape is being redefined in this new era of nearshoring and Plan Mexico. The combination of investments, infrastructure modernization and process digitalization positions "Made in Mexico" as synonymous with quality, innovation and global competitiveness.

‍R3D stands as the digital bridge that connects brands with the excellence of Mexican manufacturing.

The future of manufacturing is now!

Discover how R3D can transform your business and be an active part of the "Made in Mexico" revolution by digitizing your company at www.r3d.com.mx

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