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tariffs on imports from Canada, Mexico, and China is impacting global trade networks, affecting industries ranging from automotive and electronics to agriculture and energy. auto parts are sourced from Mexico, making the tariff impact immediate and severe. Honda is considering shifting production from Mexico and Canada into the U.S.,
As vehicle exports from Mexico to North America surged, Volkswagen Mexico found itself confronting a significant supply chain crisis. In response, the company turned to Maersk Mexico to co-develop an alternative. and Canadian dealerships. and Canadian dealerships. Canada, and domestic markets.
Mark Vickers and Joe Lynch discuss Mexico transportation risk. Mark expanded MacroPoint’s visibility technology into Mexico and got MacroPoint into shipper markets which enabled its acquisition by Descartes in 2017 for $107 Million. For that reason, Mark founded Borderless Coverage.
Jorge Gonzalez Henrichsen and Joe Lynch discuss why China is moving to Mexico. Jorge is Co-CEO of The Nearshore Company , where he helps North American, European, and Asian manufacturing companies to successfully establish reliable manufacturing operations in Mexico. Sustainability – long supply chains produce more green house gases.
from Canada and Mexico. Mexico-Canada Agreement (USMCA), which governs $1.8 Both Canada and Mexico have vowed to retaliate should these tariffs materialize. Adding to the uncertainty, recent comments from a new U.S. administration suggest plans to impose a 25% tariff on products entering the U.S. trillion in trade.
Tariffs on steel from Chinaup 25%and retaliatory moves from Canada and Mexico may turn supplier relationships upside down. For example, China+1 strategies, where companies retain some suppliers in China but also establish relationships in Vietnam, India, or Mexico, can provide flexibility in the face of shifting tariffs.
Shippers in the United States and Mexico are facing significant supply chain challenges. & Mexico Capacity Challenges. & Mexico Capacity Challenges appeared first on Talking Logistics with Adrian Gonzalez. Read more Short-Sea Shipping: A Viable Alternative for Navigating U.S. &
As reported by Paul Wiseman on February 7th, “For the first time in more than two decades, Mexico [in 2023] surpassed China as the leading source of goods imported by the United States.” This news prompted us to ask members of our Indago supply chain research community — who are all supply chain and logistics.
Mexico was the United States’ top trading partner in March, with two-way trade totaling $68.5 It was the third consecutive month and 13th of the past 14 months Mexico has been No. While Mexico retained the top spot in March, year-over-year trade with the U.S. In the first quarter of 2024, trade between Mexico and the U.S.
Ryder provides services throughout the United States, Mexico, and Canada. In addition, Ryder manages nearly 260,000 commercial vehicles and operates approximately 300 warehouses encompassing more than 95 million square feet.
The biggest 5 exporters of candy sweets are Germany, mainland China, Mexico, Belgium, and Spain. This increase in spending is not due to candy prices rising, the results from the survey show an overall candy prices only increased 0.9% The overall expected spending on Halloween is expected to top $11 billion this year.
The IMMEX (Industria Manufacturera, Maquiladora y de Servicios de Exportacin) program, established in 2006 by the Mexican government, was designed to promote foreign investment, boost manufacturing, and increase exports from Mexico.
or Mexico in 2023. About 88% of U.S.-based based small and medium-sized businesses (SMBs) will reorganize their supply chains to leverage suppliers in the U.S.
Canada, and even South America have been bringing their supply chains closer to the consumer — that is, nearshoring — and Mexico has been the beneficiary. Businesses in the U.S.,
About Martin Lew Martin Lew is the Founder and Chief Executive Officer of Commtrex, the largest tech-enabled logistics platform in North America (US, Canada, and Mexico) for shippers to directly connect with railroads, transloaders, storage facilities, lessors, rail service providers, warehouses, and industry data.
In fact, both Mexico and Canada have surpassed China as the top US trading partners, according to ITR Economics. According to Kearney s 2023 Reshoring Index, U.S. imports from China declined by 10% year-over-year, while domestic manufacturing investments surged by over $100 billion.
For example, it can look like imports from China are cheaper than the same goods imported from Mexico if a company is not relying on analysis produced by an advanced good global trade compliance (GTC) system. Furthermore, the transit time from Mexico averages just 8 days versus 40 to 48 days from China. FTZ’s have many advantages.
based carrier’s role in Mexico as nearshoring manufacturing trends drive more cross-border trade. Based in Mexico City, Estafeta handles both packages and larger freight shipments and delivers domestically in Mexico and across the border with the U.S.
Ryder provides services throughout the United States, Mexico, and Canada. Ryder’s extensive network operates throughout the US, Mexico, and Canada, managing nearly 260,000 vehicles and over 300 warehouses spanning 95 million square feet.
California, Mexico sign historic toll- sharing pact for Otay Mesa East Port. The United States and Mexico signed a historic agreement Monday to share toll revenue at the new Otay Mesa East port of entry. Ambassador to Mexico Ken Salazar, California Lt. Amazon to double Europe EV fleet by 2025.
To achieve this, Cisco expanded production in India, Mexico, and Eastern Europe, while also boosting investment in its second-largest R&D center in India. The company reduced its manufacturing dependency on China by approximately 80% in response to increasing tariffs and operational risks.
With locations in Cincinnati and Chicago, Express services US, Canada, Mexico and international. Founded in 2007 by Pat Downs and Dan Rodriquez, Express was acquired by T-Rex Prestige Worldwide in 2024 to merge LTL and FTL services and increase technology partnerships.
Even today when one reads the numerous articles about the benefits of manufacturing or assembling in Mexico, most of them highlight Mexico's low-cost labor and, of course, its proximity to the US market. Just twenty-five years after gaining its independence, Mexico faced a war with the US - The Mexican-American War (1846-1848).
Business Transformation Consulting (BTC) is a company headquartered in Mexico City with a Blue Yonder TMS implementation practice. Mexico, of course, has lower salaries than the US or Western Europe.
Now without further ado, I give you the top 10 manufacturing blog posts of the year by page view: The Reshoring (and Logistics) Debate: Mexico Vs China Manufacturing, Who Has the Upper Hand Now? However, we are also seeing a rise in companies moving from China to Mexico, for many reasons. Read Full Post.
China trade war already had American companies rethinking their relationships with Chinese manufacturers. Then came two additional nails in the coffin.
With ongoing economic tensions between the United States and China, companies looking to relocate parts or all of their supply chains continue to look to Mexico. According to Mexico’s secretary of the economy (SE), there were 378 foreign direct investment (FDI) announcements last year, totaling over $6.4
Ryder provides services throughout the United States, Mexico, and Canada. Ryder has an extensive reach: Their services cover the United States, Mexico, and Canada. In addition, Ryder manages nearly 260,000 commercial vehicles and operates approximately 300 warehouses encompassing more than 95 million square feet.
The blackberries you eat today could be from Mexico, and the ones you buy next week could be from California. Sourcing – Consumers expect more fresh products to be available year-round vs. seasonally Sourcing produce has become complex as consumers demand more seasonal produce year-round.
Over 80% of oil output in Gulf of Mexico still offline a week after Ida. Earlier this week, it was reported that over 80 percent of oil production in the Gulf of Mexico remains shut in after Hurricane Ida. US to invest $3 billion in Covid vaccine supply chain. Costco has reintroduced purchase limits.
of east coast and Gulf of Mexico imports in September, according to an article from the Business Information Industry Association. The fuel supply chain could be one of many chains affected by a hurricane, especially if the hurricane threatens the Gulf of Mexico hampering the oil fields like Katrina did in 2005.
and North American countries (Canada and Mexico) in March amounted to $141.9 Subleasing is something many established corporations do to help manage their real estate portfolio.”. The US Department of Transportation reported that transborder freight between the U.S. billion, up 23.8% compared to March 2021. Trucks moved $85.5
Normally, a Mexico-US cross-border truckload move involves at least five touches: The Mexican carrier taking the load from the Mexican shipping location. Read more 5 Best Practices to Overcome Cross-Border Challenges.
Wedged up against the southern edge of the Rio Grande, the sprawling desert city of Juarez has seen its share of economic booms over the years. But perhaps none quite like the one that’s taken hold today.
freight flows combined between Canada and Mexico. The DOT's annual "TransBorder Freight Report" for 2024 tracked a 1.8% year-over-year increase in U.S.
Companies that rely on raw materials, auto parts, and industrial components from Canada, Mexico, and China may experience price fluctuations. Trade Agreement Pressures : Although the United States-Mexico-Canada Agreement (USMCA) governs trade, ongoing tariff activity raises concerns about long-term stability.
Understand the significance of the planned I-11 corridor in connecting Mexico, the United States, and Canada, and its potential to induce job creation and fortify supply chains. Discover the impact of infrastructure investments in the Southwest region, particularly Phoenix, on attracting major companies and developing industrial corridors.
The holiday commemorates the anniversary of Mexico’s victory at the Battle of Puebla, but it has become much more than that. Cinco de Mayo is a binational celebration of the deep ties between the United States and Mexico, as well as our shared values.”[1] Much of that also comes from Mexico. In fact, Mexico is the U.S.
By leveraging Mexico’s skilled workforce, Rapido helps you scale efficiently, reduce costs, and deliver exceptional customer service. They craft custom teams, prioritizing skills and training to hit the ground running.
Last year, large American manufacturers solicited chemicals, produce, construction materials, and other goods from six times as many suppliers based in Mexico as they did in 2020, according to procurement software firm Jaggaer. At the same time, the number of suppliers in China that received procurement bids declined by 9 percent in 2021.
First American Uranium Reports on New Mexico’s Past Uranium Mining First American Uranium is highlighting the historical uranium production in New Mexico, particularly in the Grants district, where the company’s…
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