Could Mexico replace China as top global manufacturing exporter?
“While the world economy continues to face multiple headwinds, such as the Russia-Ukraine war, lingering pandemic effects and inflationary pressures, many trade professionals remain bullish about the prospect of more companies nearshoring operations to Mexico over the next decade.
A growing number of global shippers view Mexico as an alternative sourcing location to China and other Asian nations by either relocating manufacturing operations just south of the border or choosing to expand existing production in Mexico, experts said….”
https://www.freightwaves.com/news/could-mexico-replace-china-as-top-global-manufacturing-exporter