RELEVANT NEWS

NEARSHORING HAS BROUGHT MORE THAN $19 BILLION DOLLARS OF INVESTMENT TO MEXICO IN THE LAST YEAR.

Nearshoring is possibly the buzzword in the business world in Mexico, however, more than a fashion is a reality, since between February last year and so far in January 2023 detected 105 announcements as a result of this phenomenon, which represented an investment of $19,109 million dollars, according to Credit Suisse.

The financial institution indicated that in the last two months, they tracked 5 factory installations, for a total of 1,100 million dollars, of which the majority came from the automotive sector which represented 78% of the amount disclosed, but there are also other sectors that are expanding operations such as electronics, which accounted for 13%.

According to the Swiss investment bank, the most relevant announcement was BMW’s electric vehicle plant, announced this January for 850 million dollars, which will be located in San Luis Potosi. The Mexican Association of Private Industrial Parks (AMPIP) indicated that the country has attracted 75 to 100 Canadian, Chinese, Korean, and Japanese companies that have implemented or expanded operations.

However, not all regions of the country have benefited from nearshoring, according to CBRE data, the Monterrey area concentrates 50% of the investments, followed by Saltillo with 11%, Merida with 6%, the capital of Chihuahua and Ciudad Juarez with 7%, Mexico City with 7%, San Luis Potosi with 6%, Guanajuato with 3%.