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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. Mexico and Canada have imposed 25% tariffs on U.S.
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.
What do you think about Mexico? My short answer: What do your customers think about Mexico? The study highlights the opportunity for 3PLs this way: The growth of logistics services plays a crucial role in rendering Mexico’s businesses cost competitive as compared with similar ventures globally. percent and truck by 8.8
It seems like we’ve come full circle with Mexico. A lot of companies set up operations and sourced from Mexico back in the 90s, then the focus shifted to China and other Asian countries, and now Mexico is back in the spotlight. What is it about Mexico that makes it an attractive trading partner again?
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 following will delve into some of the intricate farm-to-table challenges that supply chains face across sourcing, demand planning, procurement and inventory management, transportation, and warehousing. The blackberries you eat today could be from Mexico, and the ones you buy next week could be from California.
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.
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. AI plays a significant role in harnessing the power of this.
Pressure for companies to change their supply chains is also coming from domestic political sources. Marshall’s arguments are fairly straight forward: Locations blessed with the right climate, resources, and access to global markets will always do better than countries without such gifts. At the height of the pandemic, Willy C.
Avoid the pitfalls of single sourcing and learn strategies to build a more resilient supply chain. Yet, within the pursuit of efficiency lies a lurking peril: single sourcing. The pandemic was a wake-up call to the dangers of single sourcing. What is single sourcing and sole sourcing?
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.
Supply Chain Matters highlights concerns raised by automotive industry interests regarding evolving component sourcing among China based suppliers within Mexico. The report notes that electric vehicles assembled in Mexico can qualify for U.S. The report notes that electric vehicles assembled in Mexico can qualify for U.S.
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. FreightWaves is made up of three interconnected pillars: FreightWaves’?
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.
Dual sourcing has also helped with partner responsiveness. Pure Storage reduced their dependency on sourcing from the Far East. They moved their core sourcing location for core subassemblies to the US and Mexico. Mexican sourcing also provides for tariff mitigation. There are also monthly executive review meetings.
Mr. Frasquet is the executive director of corporate procurement, although his responsibilities include a much broader set of supply chain responsibilities than just sourcing. In Belcorp’s case they have four factories located in Colombia, Mexico, Peru, and Ecuador. How do we best handle surging transportation costs?
Con-way Freight Raises the Bar on Mexico Service, Adds Door-to-Door Tracking, 24-Hour Customer Resource Center, Enhanced Web Tools. Source data is a combination of reference and benchmark data from third parties as well as econometric models and formulas. New e-commerce strategies threaten UPS, FedEx ( Reuters ).
The survey shows that a full third of companies with global supply chains intend to move their sourcing and manufacturing activities out of China in the next few years. With trade wars and tariffs pinching operational profitability, manufacturers are looking at alternative locales like VietNam, India and, Mexico.
Finally, in making sourcing decisions, global trade compliance needs to be part of companies strategic sourcing programs. 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.
Then Jabil handles the sourcing and manufacturing of those products. They are sourcing from over 27,000 suppliers. Those sites are primarily located in China, Hungary, Malaysia, Mexico, Singapore, and the United States. The company engages in contract manufacturing services for companies.
I spent some time visiting this week with Sensata in Aguascaliente Mexico. This was having a major impact on Sensata, and also suggests the increasing growth in the Mexico industrial market for manufacturing facilities. At the time, Nissan had just opened a second manufacturing facility, which hired over 12,000 people.
A supplier in Mexico mixes up two similar parts. What makes Ethereum different is that it actively encourages software development teams to use its open-source protocol to design tokens that run on top of the Ethereum blockchain. Supply chains are messy. Blockchain in Supply Chain Can Help.
Mexico has become more attractive, and many companies are looking at alternative sourcing in Latin and South America. When the added costs of transportation and inventory working capital impacts are added, there is a solid logic to bringing manufacturing back to North America.
A member of my team is a member of global sourcing. The person looks at alternative sourcing over ten years. In the past, sourcing was a manual activity. Now we go into the solution and click on Mexico. We were dealing with a legacy of fragmented data sources, all different regarding data types used (e.g.,
2009: H1N1 Outbreak in Mexico. Cross-functional team, part standardization, back-up suppliers, dual-sourcing, supplier collaboration are the basic foundation that is tried and true. So the alternative sources should be in totally different locations or ideally, in the different countries. And according to the U.S. A Case Study.
states and parts of northern Mexico. Source: NWS. 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.
Supply Chain Matters highlights a published report indicating that PC maker Hewlett Packard is modifying supply sourcing akin to China Plus and nearshoring sourcing actions. That would include alternatives to China under the umbrella of either China Plus or de-risking sourcing changes. We pointed out that in 2022, more U.S.
Robinson Celebrates 25 Years of Business in Mexico. Last November, JDA Software and IBM announced a “new integrated offering [that] will provide retailers, wholesalers and manufacturers with intelligent sourcing, fulfillment and order management capabilities.” Mexico freight totaled $45.2 Mexico freight than in March 2014.
Mexico Customs Management. As reported in the Financial Times : Under the most eye-catching plan – known as Synchronised Delivery Solution – a package due to be delivered to a given address will wait for others coming from other sources, which will then be delivered with it. . Mexico customs process.”
Mexico line as border agents moved (Reuters) Global trade growth loses momentum as trade tensions persist (WTO) Shipping Comes to Terms With $50 Billion Clean-Fuel Bill (WSJ – sub. Mexico Border Crossing Delays. Kurt would have been 52 years old today. Here we are now, entertain us.”. req’d) DSV to Buy Panalpina in $4.6
However, if that supplier sources materials from China or another tariff-affected country, the costs could still be passed down the supply chain. Engage directly with suppliers to verify sourcing practices and understand potential vulnerabilities. For instance, a U.S.-based
Hurricane season threatens to disrupt activities across the eastern seaboard and along the Gulf of Mexico. Hurricane season causes an influx of demand for flatbed.
The initial findings from the investigation indicate that a subset of illnesses may be linked to slivered onions used in the Quarter Pounder and sourced by a single supplier that serves three distribution centers. Once again, federal food safety officials are focusing on a single production facility as the suspected source of the listeria.
Our team determines which countries should get the most volume of this product, where it should be produced and which brewery each country should source it from. For instance, Mexico uses its own strategic planning tool. We have certain locations in Europe that can produce this. I understand your team took ownership of this model.
Sourcing Insights – From a buyer’s perspective, understanding landed cost is essential when evaluating competitive offerings and selecting suppliers. However, by only comparing prices instead of the overall cost of sourcing from different countries, the expected profitability may have been overestimated. 20 (duties) + $.40
Mexico border, his words seem unusually predictive. Specifically discussing how the internet of things will impact supply chains, he said: The internet of things provides companies the ability to source parts and inputs, and sell, globally. Mexico trade risks. Mexico border are severely delayed? Current U.S.-Mexico
Here I want to share eight key procurement challenges that we and consultants are facing in today’s global sourcing world. Global Sourcing – Start-up Basics Nobody could ignore the role that global sourcing plays in today’s procurement world. The good old theory of “total cost of ownership” should always prevail.
The sky and what’s beyond, an endless source of creativity and imagination for kids and adults alike. Retailer Wal-Mart de Mexico to invest $1.3 billion in Logistics in Mexico (Reuters). Then again, gazing at the stars and planets and wondering what’s out there is an ageless human tradition (maybe for other animals too).
Does the vast potential of this promising technology mean that companies of all sizes and stages should be rebuilding their responsible sourcing systems from the ground up to include it? A single product on a retail shelf may be sourced from thousands of inputs coming out of dozens of countries.
Does the vast potential of this promising technology mean that companies of all sizes and stages should be rebuilding their responsible sourcing systems from the ground up to include it? A single product on a retail shelf may be sourced from thousands of inputs coming out of dozens of countries. How Blockchain Works.
The Ferrari Consulting and Research Group, via its affiliated Supply Chain Matters blog calls reader attention to two recently published research papers that address evidence of ongoing shifts in global supply component and end production sourcing. The above seems to imply, from our lens, the movement toward China Plus sourcing activity.
Instead of relying only on China, consider manufacturing hubs such as Vietnam, Mexico and India which are likely to gain greater prominence.” This strategy only works if your suppliers are local and their materials are sourced locally too, otherwise global risks will remain in your supply chain.” ” 2. ” 3.
The concept of ethical sourcing has risen in popularity during the past four years.” . Ignoring the legislation could lead to monetary penalties, bad PR, and a drop in consumer trust – not to mention the potential loss of source materials and the possibility of production interruptions. Consumer Buying Trends.
I will be speaking and working with clients in wonderful locations in Brussels, China, Germany, London, Mexico, Peru, and South Africa. Historically, supply chain processes were functional focused on make, source and deliver. Digital sourcing? It is the same feeling that I had as a child getting ready for camp.
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