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new companies due to its proximity to the United States, which facilitates the logistics of their day-today operations.

According to the Inter-American Development Bank (IDB), nearshoring opportunities in the short and medium term for Latin America mean 78 billion dollars in new exports of products and services, particularly in industries such as pharmaceuticals, renewable energies, textiles or automotive.

Mexico would be taking around 35 billion dollars, which makes the country one of the greatest beneficiaries in the region if it knows how to take advantage of this great opportunity, said the businessman.

The National Council of the Export Manufacturing Industry (Index) reported that Mexico will receive 11 billion dollars in new investments in 2023, which come as part of the nearshoring boom.

The national president of AMPI pointed out that three regions of the country are the ones that will benefit the most from the “nearshoring” phenomenon: the northern border area, the Bajio region, and the towns near the trans-isthmus and Mayan trains.

In the case of the northern markets, he said that they have the advantage of being on the border with the United States, so the companies that set up there can be in both markets, Lacunza Magaña said.

In May 2022, Monterrey received 356 new nearshoring projects, of which 17 of them were Chinese, he said.

The Bajio region, which includes the states of Guanajuato, Queretaro, San Luis Potosi, and Aguascalientes, has an available inventory of around 3% of worldclass industrial buildings, he said. Industrial buildings are practically ready to receive companies looking to set up in Mexico, he added.

SOURCE: FORBES MEXICO