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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.,
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.
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.
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.
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.
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.
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.
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.
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.
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.
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
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.
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.
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.
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.
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.
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…
and nearby Mexico in response to a volatile global supply chain landscape. An increasing number of major companies are shifting manufacturing back to the U.S.
Before COVID, I was spending time down in Mexico, first off in Laredo and then Nuevo Laredo. My sister lived in Mexico and Brazil for many years and she said, “ They love American football down there.” I’m always surprised we don’t have a pro team down in Mexico City and Toronto. I love every minute of it.
Mexico Summit on Trade Compliance & Supply Chain Risk brings together the key stakeholders from both sides of the border - government and industry - to address the most pressing trade, customs, enforcement, and regulatory challenges facing Mexico-based companies and multinationals. ACI’s inaugural U.S.-Mexico
It is not only nearshoring locations like Mexico, Central and Eastern Europe and Southeast Asia who benefit from this change, but also on-shoring locations in major markets like Germany, the UK, France and the US themselves are getting more and more new production plants.
Trade with Mexico is a critical part of the economy and will continue to grow as US companies nearshore production in response to COVID 19 delays. The Texas Triangle, which is huge in terms of population and land mass makes up only 25% of Texas, so there is lots of room to grow.
The Chips Act aims to nearshore semiconductor chip manufacturing and related industries to the region, including Mexico, Panama, and Costa Rica, to increase regional supply chain resilience. Centralized inventory with local distribution in Latin America maximizes flexibility and minimizes risk due to the complexity of these markets.
With trade wars and tariffs pinching operational profitability, manufacturers are looking at alternative locales like VietNam, India and, Mexico. For American manufacturers of high tech, industrial and food and beverage products, the Mexico option poses a unique opportunity.
Before FreightWaves, Anthony received his Bachelor’s and Master’s degree in Economics from New Mexico State University. Anthony Smith is the Chief Economist for FreightWaves, the leader in providing global supply chain market intelligence.
importers who are studying shifting their sourcing from the Asia-Pacific region to Mexico and deeper into Latin America are finding it tougher to find suppliers with the right raw materials, production quality and networks for getting their own components that have been established in manufacturing hubs like China and Southeast Asia.
His leadership in international logistics is enhanced by his continuous education including extensive travel in Europe, Asia, Mexico and the Middle East to see port operations for himself. That background has helped him build the skills to develop a worldwide network of trusted partners over the past three decades.
Nearshoring to Mexico is gaining traction among shippers at a rapid rate. To keep up with the demand, Mexico will open 25 new industrial parks by the end of 2023, spurred by the $35 billion in total foreign direct investment from 2022. On top of that, 88% of US-based small and medium-sized businesses are reshuffling.
When I asked Johnny when the Bayer journey began, he explained that it started in 2018 in Mexico. As visibility has become more important globally, more and more companies have realized they need to incorporate the solution into their overall supply chain ecosystem. Bayer Crop Science is no different.
In addition, due to geopolitical tensions, Western companies are reducing their production capacities in China, American firms are opening more and more plants just across the border in Mexico, and European businesses are nearshoring activities to Central Europe.
” History of Poinsettia The poinsettia is a plant native to Mexico. ’ It wasn’t until the first Spanish settlers arrived in Mexico in the 16th century that the plant was specifically linked to the Christmas season. Poinsett, a wealthy Southern Unionist and slave owner, was appointed as the first US minister to Mexico.
As organizations look for reducing dependencies on concentrated sources of supply, Eastern Europe, Mexico, and South Asian countries will start providing viable alternatives to the current manufacturing powerhouse countries.
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 global trade system. Finally, in making sourcing decisions, global trade compliance needs to be part of companies strategic sourcing programs.
The reason Mexico didn’t rise as a great near-shore market before was that supply chain resiliency just wasn’t top of mind in the last few decades, when landed cost was king.
states and parts of northern Mexico. According to weather.com, “more than 2 million Texas homes and businesses were without power Monday morning as record-breaking cold and Winter Storm Uri extended an icy grip across the central United States.” Winter weather continues to impact multiple U.S. Highway 231 in Morgan County in northern Alabama.
Regarding the new tariffs between the US and Mexico, you don’t need to worry about them if you take the product right to Panama. [28:09] The time it takes to move a container from Asia to the US and then to Latin America adds a lot of costs. In Panama, you wouldn’t have those. Our economy.
I’m back from almost 4 weeks on the road. That is 3 weeks and 4 days longer than the U.S. East Coast Ports strike lasted (although, as I highlight below, the strike has only been paused until January 2025). Where have I been? I was in Phoenix, Arizona for The Logistics & Supply Chain Forum.
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