NEARSHORING
Bringing production closer to the consumer territory.
BUSINESS STRATEGY FOR RELOCATING PART OF THE PRODUCTION
Many of the challenges that supply chains face are the long distances and time differences between continents. This is why Nearshoring it is a practice to improve and optimize international supply chains.
The Nearshoring offers a solution to distance-related issues in supply chains, as it involves the company outsourcing to foreign companies that are relatively close and in similar time zones. As a strategy, it is a competitive advantage that drives the country in international trade and makes it valuable in import and export channels.
The purpose of Nearshoring is to be closer to consumers and reduce costs.
MEXICO and NEARSHORING
Mexico has become an attractive country for the implementation of this strategy due to its proximity to the United States and its strategic location.
Now that tensions between China and the United States have escalated due to the geopolitical conflict over Taiwan, and similarly, the geopolitical conflict caused by the war between Ukraine and Russia, several Western companies have started to take relocation measures in case the situation worsens. Mexico not only has benefits with the United States but also with the rest of the world.
Nearshoring in Mexico attracts a significant amount of foreign direct investment.
For foreign companies, Mexico has highly favorable characteristics, such as its strong integration into the global economic order, including T-MEC, OCDEbeing part of the G20 and the Pacific Alliance.
In addition, it enjoys a strategic geographic location, a wide range of natural resources, and a young and abundant workforce that is not highly costly and is considered well-qualified.
MEXICAN TERRITORY
THE BEST DESTINATION FOR RELOCATING SUPPLY CHAINS FOR WESTERN COMPANIES.
This represents the arrival of capital and significant foreign investments for Mexico, it also means the growth of exports to the United States. We could potentially surpass China in the manufacturing sector, leading to increased employment, a 77% growth in Gross Domestic Product (GDP), and the appreciation of the Mexican currency in international trade.
Queretaro has significant opportunities in the face of relocation, as it boasts strong suppliers, Small and Medium-sized Enterprises (SMEs) in constant preparation and growth, which are ready to join large value chains
NEARSHORING and QUERETARO
Queretaro has great oportunities in the context of Nearshoring. Within the framework of Supply Chain Summit, organized by Reuters in the city of Chicago, the Nearshoring in Mexico panel took place the new north american model.
In recent years, Querétaro has experienced growth in foreign investment, as more countries have chosen to pay attention to the state's infrastructure for distribution channels in the production of goods.
A RELOCATION STRATEGY EMERGES THROUGH ALLIANCES.
The relocation strategy involves attracting allied companies that enable the state's participation in a global market. Among the competitive advantages of Querétaro in the context of Nearshoring, the following were highlighted:
Strategic location of the state.
Legal certainty.
The investment in training.
Certification for developing suppliers that cater to the industry.
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