Mexico's 'nearshoring boom' brings production closer to U.S. consumers

[@lokesh303101]

Yes! Good for Continental Economy.

[@Furtivo95]

Mexico is currently ranked 12th GDP globally, they will surpass Russia this year. They should enter top 10 richest countries spot by 2030. Theres going to be more jobs creation there than the US easily. Monterey is goin to be the hottest tech sector. Mexico needs to do what China did and build out its ports, create a bullet train network to all major cities and fund their universities R&D departments.

[@jaquinhamdan3943]

11th

[@Furtivo95]

@@jaquinhamdan3943 11th what?

[@reonalfa1562]

Yes, Mexico

[@gundam12p]

Only problem China and Mexico are friends 😁 China is friends with all of Latin America. Unlike the US that's hated by everyone.

[@Ava_Mackenzie]

No

[@CarlosRodriguez-sp1jz]

​@@Ava_Mackenzie Of course! 😎

[@pottertheavenger1363]

even with increased salaries it's still faster and safer.

[@sumeshjoseph2471]

Far better than making every thing in china 😅

[@Ink_Floyd]

Way better. Its a win-win for both countries... Assuming mexico owns the properties and I.Ps

[@WELVAS.]

Salaries are lower in Mexico than China and Mexico being right next to the US is the biggest factors

[@mauricioqro]

Sadly, yes. It should be regional prosperity, but that is just the headline.

[@fernandovazquez7272]

Wages were very low in China as well, they did go up after becoming the biggest manufacturer in the world Same could happen in Mexico

[@danielandrade9081]

Mexico's economy would grow more exponentially if more manufacturing plants from CDMX were installed in the south of the country

[@frescoservice5124]

Why ?

[@jaquinhamdan3943]

B ​@@frescoservice5124because if the south grows like 2023, it will add to GDP. Mexico average 2.2% for 50 years, south always negative numbers. That is why.

[@frescoservice5124]

@@jaquinhamdan3943 don’t the south bring in a lot of income through tourism?

[@frescoservice5124]

@@jaquinhamdan3943 so it would just look like the economy is better but in reality it’s the same thing ain’t it?

[@lemmy154]

no wey

[@111jjjkl]

I’m glad we r moving manufacturing to Mexico. Some manufacturing is good but USA needs to bump up manufacturing.

[@geraldarnoult]

Headed to the U.S. as if Mexico don't also buy these products, its not just the U.S. Market

[@Winnas]

Over 90% is for the US market, they aren't really overexaggerating here.

[@WildDisease72]

Gonna be real estate boom

[@Shogun86]

When they say de-risk, are they talking about how countries don’t trust China and they don’t want to be under the influence of China because they have shown to have extremely hostile intentions?

[@jinh817]

Partially, but there’s more than just one risk. Intellectual property is another, China trying to take Taiwan (the U.S. responding to that event with sanctions is another risk). The list goes on and on.

[@hassanvalquintero9970]

It would be really nice though, that the international companies were able to pay the employees in Mexico more than 6 dollars per hour...

[@GreggSagge-lt6le]

Yea thay will put us closer to GOP led etaes with the lowest minumum wage. Georgia and wyoming in 7.25 andmost southern states its 7.50 in hour in 10 states. Not that far off.

[@JosephM1M5A4]

that removes the point of nearshoring. One of the main advantages of near-shorring it's the cheaper labor

[@A1Kirazz]

Keep in mind that living standards in Mexico are cheaper, and in some states in the US the minimum wage is still $7...

[@hassanvalquintero9970]

@@A1Kirazz I agree and I understand, but paying then 3 bucks an hour would be just fine.

[@ostkkfmhtsh012345678]

I hope the 🇺🇸 manufacturers are also working with the 🇲🇽 government on incentivizing more migrants to not proceed to the #US but settle in #México, and further incentivize drug dealers to switch from their illicit substance production to more productive careers such as at the manufacturer's factories. Also, I hope the 🇺🇸 manufacturers also work with the #US government on working with other Latin American countries (e.g. #Belize) to settle more migrants in Latin America and develop Latin America including improving transportation, border controls, and immigration such as building the last Pan-American highway link so border guards can bring their ground equipment faster and more easily, creating a new #Colombia-#Panamá Port of Entry, working with respective country's to revise various policies so more migrants can settle in Latin America (includes living, work, leisure, etc.) and more factories (especially 🇺🇸) be established in Latin America, etc.

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[@RubenQuiroga-n5m]

Just opened biggest project world inter oceans canal shipping project Asia usa Europe south America shipping factory 🏭

[@Oreo-xc9sd]

user-dt Who needs a inter-oceanic in Suth America when there is no single country there that Pacific and Atlantic Oceans can be connected, besides, it is far from USA and China. There is no doubt that México is the best choice for our USA Economy.

[@RubenQuiroga-n5m]

Trump said send all factory Mexico well Right read trainships usa didn't like it

[@great.933]

The coast of moving a container as freight in the ocean, is still cheaper.

[@JosephM1M5A4]

cost, but yeah, you're right

[@jinh817]

Stuff coming from China is taxed, stuff from MX is not under NAFTA/USMCA. It’s also faster (time is money). Keeping it in China is riskier because if they mess with Taiwan or act out, U.S. will impose sanctions. There’s also intellectual property which cost American companies billions.

[@Ars-gz8zh]

Time is money

[@A1Kirazz]

Do you not remember 2020? Shelves were empty, people were panic buying and there was a supply chain crisis thanks to China... wouldn't have happened with Mexico but keep being wrong.

[@boxerblvd3514]

Great, now start paying them the workers not the big fat CEOs.

[@Quiavini-777]

🫡🇲🇽AMLO👍

[@Anomize23]

But these are mostly going to be China manufacturing in Mexico right? Hopefully I’m wrong

[@aaronwilson7547]

So you’re saying slave labor is more beneficial for foreign investment into nearshoring?🤔

[@joseizaguirre4887]

YOU GUYS DONT HAVE A IDEA..WHAT MÉXICO ITS HEADING JAJAJAJAJAJJAJ SOON.... MÉXICO WILL BE ONE OF THE TOP COUNTRIES IN THE WHOLE 🌎...JAJAJAJAJAJAJ

[@davidmoreno9302]

No hay que escupir al cielo

[@mercurials54]

It’s cheaper to ship product across oceans and pay better hourly wages than transporting across the border 🤯

[@jaquinhamdan3943]

You mean thanks to social democracy.

[@Leonytus100]

Bring jobs back to the U.S.

[@lu-bo6yh]

Everything will be more expensive

[@marcosa6946]

AND USA LAUGHED IN 10 YEARS MEXICO WILL BE LAUGHING AT USA LOL

[@MrRar66]

I hope this brings prosperity to Mexico, but just like how USA is dictating the manufacturing in China, it will dictate it in Mexico.

[@Ava_Mackenzie]

Not

[@marcosa6946]

12 STRONGEST COUTRY I N THE WORLD WHAT U MEAN NOT MEXICO PAID THERE DEBT TO USA @@Ava_Mackenzie

[@Duquedecastro]

@@Ava_MackenzieMexico is already a G20 and OECD member😂🤣 too bad for you, it will be one of the Five top economies according to some. We will see

[@Allaiya.]

Not sure I get your comment. US buys from Mexico. If US stops buying, the $ stops coming in. Ever heard of symbiotic relationship?

[@Ava_Mackenzie]

America's need to make our own

[@Ava_Mackenzie]

Notcho eaters😢

[@MRFROGHELLO]

Better than being half monkey/trailer park trash.

[@MRFROGHELLO]

You cant even spell right

[@hectorcardenas2171]

You racist!

[@Ava_Mackenzie]

Cheap labor

[@lu-bo6yh]

Black neighborhoods are owned by other ethnic groups. Especially by hispanics. Joke of a community