January 2024

The nearshoring impact at the close end of 2023 on the growth of industrial projects in Mexico – 31 January 2024

The relocation of businesses, known as nearshoring, had a significant impact on the industrial real estate sector in Mexico, giving rise to over 350 construction projects throughout the year. Driven by the growing demand from companies seeking to move their operations to the country to leverage its proximity to the United States. By the close end of December, indicators revealed that a total of 5.6...

Mexico overtakes Germany and challenges Japan for the third place in auto parts production I 26 January 2024

Until 2021, Mexico ranked fourth position as a global producer of auto parts. However, factors such as nearshoring, the USMCA (T-MEC in Spanish), and the presence of Chinese automakers have propelled the national industry significantly. With Tesla's introduction, the rise of Chinese brands in the Mexican market, the USMCA, and, above all, nearshoring, Mexico intensifies its competition with Japan for...

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