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Get ahead of the competition. Expand your business into Mexico.
Mexico is a desirable country to work in because of its high quality labor and skilled workforce.
After years of investing in their manufacturing sector, companies are beginning nearshore operations at higher rates than ever before due to an increase not just from American employers but also those whose headquarters reside outside our borders such as China or India.
There are many benefits of nearshoring to Mexico. Here are some of the top reasons businesses should consider expanding their operations south of the border:
WTC Premium Industrial Park is the perfect place to set up your manufacturing business. With a skilled workforce and qualified professionals ready to join the global companies.
COST OF LABOR
Your people will be the next most significant expense you manage in Mexico. That includes basic wages, which may vary widely depending on skill level and location from USD $2 per hour for unskilled labor to over USD 13.50!
The type of industry also plays an important role with companies who operate factories paying higher salaries than those located more remotely or offering service jobs where compensation can range anywhere between 3-$10 USD/HR gross monthly income.
CONNECTED TO USA & CANADA
The relation of Mexico and Canada in the manufacturing sector has had a significant impact on overall productivity. With their inclusion, companies can now produce specialized exports at lower costs with an efficient labor force that understands quality product creation is important for economic success; this allows them more space to diversify into new markets while still maintaining high standards set by current customers who demand top-quality products from these participating nations
SOLID ECONOMY GROWTH
The Mexican economy is a powerhouse in the service sector. Services make up 64% of GDP and employ 61%. The industrial side has 29%, while primary industries only have 3%. This trend continues with growth averaging 2-3%, but due to oil prices falling below $50 USD per barrel (which they did not have previously) AND global economic woes caused by COVID 19 virus cases throughout 2020 - 2021.
LOW COST LIFESTYLE
Mexico is a beautiful country that offers many opportunities for those looking to start their career or live abroad. The quality of life in San Luis Potosi, specifically with its large international community and welcoming people makes this region an excellent choice when considering moving downsized into one's next new adventure!
USMCA and NFTA
The updated North American Free Trade Agreement is a modernized version of an already existing deal that aims to facilitate commerce between these three countries. The main takeaway for investors will be the assurance created by USMCA, which provides clarity in challenging economic ties experienced throughout world markets today; it also facilitates all-around trade among member states due their duty free benefits on exports (which includes many types).
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