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China is losing its luster as a low-cost source of manufacturing. Is Mexico an alternative?
U.S. manufacturers are beginning to sour on China as the place to go for cheap production. Reasons include the rising cost of Chinese labor, the distance to American markets and simmering trade tensions between the two countries. Can Mexico step up as companies think about diversifying sourcing and near-shoring production? On this episode, we hear the case for Mexico as the place to site manufacturing from Jay Gerard, head of customs with Nuvocargo. He discusses the new opportunities that exist in cross-border trade, but he’s also candid about the challenges that must be overcome if Mexico is to solidify its position as the ideal location for the production of U.S.-bound consumer goods. Are companies listening? Hosted by Bob Bowman, Editor-in-Chief of SupplyChainBrain.
Show notes:
A blog post from Nuvocargo: “U.S.-Mexico Trade: What to Expect in the Post-Pandemic World.”
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