*Original Post by Rintaro Tobita and Iori Kawate, NIKKEI Asia* WASHINGTON/BEIJING — China was likely knocked off the perch as the top exporter to U.S. for the first time since 2006 last year, outpaced by Mexico as tensions between the world’s two largest economies reshape supply chains. American goods imports from China dropped more than 20% on the year for the January-November period, according to U.S. Commerce Department data released this week. China accounted for 13.9% of total U.S. imports, the smallest share since 2004, after peaking at more than 21% around 2017. U.S. exports to China ha ..read more

*Original Post by Brian Straight, Supply Chain Management Review* The interest in sustained engagement with China is evolving among North American companies, with nearly 75% of firms surveyed by AlixPartners indicating a current reduction in their exposure. Over half of these companies plan to further diminish their exposure by more than 10% in the coming year. AlixPartners conducted a global survey, focusing on supply chain professionals and segmented the results by region. In North America, 100 executives from five industries participated, with 60% representing companies boasting at least $5 ..read more

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MEXICO – Mexico remained in 11th position among the main recipients of Foreign Direct Investment (FDI) in the world in 2022, with US$35 billion, an annual increase of 12%, informed the United Nations Conference on Trade and Development (UNCTAD). In its World Investment Report 2023, UNCTAD indicated that this classification was led by the United States, with US$285 billion, followed by China, with US$189 billion. With these results, flows to the United States fell by 26.5% and those to China increased by 4.4%. This was followed by Singapore ( US$141 billion), Hong Kong (US$118 billion) and Braz ..read more

México puede ser el principal aliado de Estados Unidos en el reforzamiento de las cadenas productivas, planteó la Cámara de Comercio de Estados Unidos (AmCham México). México puede ser el principal aliado de Estados Unidos en el reforzamiento de las cadenas productivas, planteó la Cámara de Comercio de Estados Unidos (AmCham México). Este punto forma parte del documento Ruta 2024-2030, difundido este miércoles y en el que la AmCham México recopila 22 propuestas divididas en seis capítulos que se basan en su propia Agenda Estratégica sobre México y Norteamérica. Trabajar ..read more

In this GlobalAutoIndustry.com Audio Interview “Insights on Mexico Industrial Real Estate: Focus on the Bajio and Northeast Automotive Regions – June 2023” Ron Hesse Interviews Fernanda Martinez and Edgardo Hernandez, Regional Directors with NAI Mexico. GlobalAutoIndustry.com’s latest Audio Interview “Insights on Mexico Industrial Real Estate: Focus on the Bajio and Northeast Automotive Regions – June 2023” features Fernanda Martinez and Edgardo Hernandez, both with NAI Mexico. Ms. Martinez is Regional Director serving the Bajio Region, and Edgardo Hernandez is Regional Director serv ..read more

Navy Minister José Rafael Ojeda Durán asserted Thursday that Mexico will become a “world shipping power” thanks to the construction of a trade corridor between the Pacific Ocean and the Gulf of Mexico. In an address in Ciudad Madero, Tamaulipas, on Mexico’s National Navy Day, Ojeda noted that the government is building a “new route for global trade” between Salina Cruz, Oaxaca, on the Pacific side and Coatzacoalcos, Veracruz, on the Gulf coast. “In the near future we will become a world power in the field of shipping,” he said. The Isthmus of Tehuantepec Interoceanic Corridor will have a moder ..read more

Nearshoring, in which manufacturing is relocating from Asia—mostly China—to North America—mostly Mexico—is one of the key drivers behind creation of CPKC (Canadian Pacific Kansas City), the first and only transnational, single-line railroad linking Canada, the United States and Mexico. CPKC, the merger of the Canadian Pacific and Kansas City Southern, was originally announced on March 21, 2021, roughly one year after USMCA (United States-Mexico-Canada Agreement) was ratified, replacing NAFTA (North American Free Trade Agreement), which had been in place since the mid-1990s and helped drive pri ..read more

Mexico has emerged as a key player in the global Information Technology (IT) industry, offering a range of opportunities for companies and professionals looking to tap into a growing market. With its highly educated workforce, favourable business environment, strategic location, and vibrant startup culture, Mexico is poised to play a significant role in shaping the future of the IT sector. In this article, we will explore the key factors that make Mexico an attractive destination for IT workers and why the future of this industry in Mexico is bright. Mexico’s highly educated workforc ..read more