Mexico Manufacturing News Archives | Page 2 of 16

March 13, 2020

Maquiladora System and Labor Unions in Mexico

Is your business seeking to take advantage of the maquiladora system and IMMEX program by expanding manufacturing operations into Mexico? If so, your success will depend upon your ability to cooperate with the local communities, organizations, and the government. In particular, building relationships with the labor unions—organizations that help employers create healthy work environments and […]

March 5, 2020

Anexo 24 / Annex 24 Inventory Control

In 2014, the Mexican Customs and Tax Authority added Annex 24 (Anexo 24) to its Mexican Tax Reform, and in 2018, further provisions were made. The statute required that businesses manufacturing in Mexico employ automatized inventory control systems as a way to track goods that had been temporarily imported duty-free under the IMMEX decree (which […]

February 15, 2020

Benefits of NAFTA: How NAFTA Has Elevated Mexico’s Economic Health and Status

Since the U.S., Mexico, and Canada agreed upon the new USMCA economic treaty in early 2020, NAFTA has been in the news again. USMCA, in effect, replaces the former international trade agreement, which has transformed the economies of the three countries in the past two and a half decades. While the effects of USMCA remain […]

February 5, 2020

How Does Section 321 De Minimis Apply to You?

If you travel regularly, or if you work in e-commerce or an export/import business, you have most likely encountered the phrases “Duty-Free” and “Section 321 De Minimis.” Often the terms are used offhand and interchangeably without having a clear idea of what they mean or why they were first established. Many people are also unaware […]

February 1, 2020

What Is The Purpose of Entry Type 86?

Global e-commerce has drastically increased the number of international shipments sent each day. When consumers and companies buy merchandise online via an e-commerce platform, it may come from anywhere in the world. Entry Type 86, is a new customs entry type intended to help Customs and Border Protection (CBP) manage the flow of goods, creating […]

December 28, 2019

What are the Advantages of Nearshore and Offshore Outsourcing?

In an effort to drive profits, businesses must constantly seek new avenues to improve cost savings and optimize. One of the primary ways that many companies find competitive cost advantages involves nearshoring or offshoring parts of their operation to external professionals with skilled expertise. Naturally, you may wonder what the difference is in nearshoring vs. […]

December 15, 2019

What is Offshoring?

Today, in a world where supply chains are complex and span the globe overseas, many of the fine details become muddied or generalized by those unfamiliar with the industry. For example, laymen often confuse outsourcing vs offshoring by using them as interchangeable phrases. The problem with this mindset lies in the fact that both terms […]

December 9, 2019

How Offshoring Can Increase Your Bottom Line

As a business grows, evolves, and optimizes, it must seek cost-savings and competitive advantages by utilizing both internal and external economies of scale. Eventually, it reaches a point where it becomes efficient to specialize by breaking up certain processes and passing them along to other specialists who can perform them with greater expertise or at […]

November 10, 2019

Business Opportunities in Mexico That US Manufacturers Should Be Aware Of

In recent years, manufacturing within Mexico has been an increasingly more viable and cost-effective alternative to production in Asia. Businesses not only derive benefits from close proximity to the states but can also find competitive advantage thanks to favorable trade deals and a skilled low-cost workforce. Below, we’ll dive into the various factors as to […]

November 5, 2019

Entry Strategies for Setting Up Manufacturing in Mexico

This content was updated for accuracy and relevancy on September 2nd, 2020. In the last decade, market forces have altered the global manufacturing landscape, shifting the market share out of China’s grasp as other business havens became viable alternatives. Mexico, for example, has become an increasingly enticing option for American manufacturers seeking cheap but highly […]

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