Regardless of the outcome, the election will present both challenges and opportunities for Mexico Manufacturing.On Tuesday, November 3rd the presidential election was held in the United States of America. As is the case every four years, the day signifies both challenges and opportunities for Mexico and the rest of the world. This blog post will […]
The concept of Industry 4.0 or its counterpart, the Fourth Industrial Revolution, represents a new milestone in industrial development that furthers the digitization of production processes. This increases their efficiency, quality. and safety. The introduction of digital technologies in industrial plants renews the way we operate and produce by transforming products, supply chain, and expectations […]
Mexican labor is 33.5% lower in cost than that in China, according to Pricewaterhouse Coopers (PwC), and the coronavirus pandemic revealed the importance of rapid responsiveness. These factors make it more attractive to invest in Mexico than in China.For U.S. companies, sourcing Mexico’s manufacturing production over goods that are made in China would mean saving […]
Among the factors that have coalesced to constitute the primary reasons that US companies are leaving China to return to their home country and other manufacturing venues in the Americas are the global COVID-19 pandemic, China’s incursions on the rights and liberties of the citizens of Hong Kong, and the continuing US-China trade war. Recently, […]
The confluence of political measures and current world events is creating an environment in which manufacturing is moving from China to the United States. American companies are starting to bring manufacturing back to the United States. While there is no by no means a stampede back home, the rate of return or the “reshoring” of […]
From the production of automobiles and agricultural machinery, to the manufacture of fighter jets, and even in the operation of ATMs: industry in both Mexico and the United States depends upon what is manufactured in each country. Because of this set of circumstances, it is important to know how the quarantines of factories in Mexico […]
According to figures compiled by the Mexican Association of the Automotive Industry (AMIA),
automotive manufacturing in Mexico produced approximately 2.6 million vehicles in the first three quarters of 2019.
Industries in Mexico such as aerospace, automotive, electronics and medical devices all face different challenges and opportunities. Predictions are that the country will rank seventh in manufacturing competitiveness by 2020. Industries in Mexico are expected to grow significantly over the next several years because the country belongs to a steadily expanding North American manufacturing cluster […]
On June 7th, Mexico and U.S. reached a last-minute deal to avoid the imposition of punitive tariffs on US imports from Mexico. We are pleased with the outcome of the negotiations because a possible trade war has been averted. Despite this, however, Prince Manufacturing is well-positioned to service its customers on both sides of the […]
In the modern consumer market, it is absolutely essential to improve time to market. The ability to capitalize on an idea requires a streamlined process. From concept to manufacturing to distribution, each stage must be approached strategically to respond to current consumer demands one step ahead of the competition. This, however, is easier said than […]
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