Pandemic-era bottlenecks, soaring geopolitical tensions and other factors have ushered in a new era of globalization as manufacturers bring production closer to where their products will be consumed and create lower-cost, more resilient supply chains. South of the U.S. border, Mexico’s nearshoring boom presents a treasure trove of opportunities as demand for material handling and logistics solutions grows. BY DAVID ...
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Mexico’s Nearshoring Numbers
By the Numbers No. 1 Mexico’s standing as the leading source of U.S. imports after overtaking China in 2023 $475 billion Value of goods imported into the U.S. from Mexico last year $798 billion Total value of U.S.-Mexico trade, making Mexico the largest trading partner of the U.S. $36 billion Foreign direct investment in Mexico in 2023 $300 billion Value ...
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