Mexico as a Nearshoring Opportunity for US Firms
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Mexico as a Nearshoring Opportunity for US Firms

July 06, 2023 | Report

Mexico has become an attractive nearshoring option for US firms. Global developments, including the US-China trade war, a general renewed focus on supply chain resilience and security, and overall geopolitical uncertainty, have increased interest in nearshoring, and Mexico’s low labor costs, proximity, and tariff-free access to the US (and Canadian) market make it a particularly favorable environment.

 

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AUTHOR

Klaasde Vries

Former Senior Economist
The Conference Board


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