“In this sense, the challenge is that all those new investments that have been announced end up materializing and, furthermore, this comes hand in hand with a government strategy that not only focuses on infrastructure issues, the rule of law, but also monitors these companies are looking for new production trends”, explained Jessica Roldán, vice president of the Technical Advisory Committee of the IMEF Indicator, at a press conference.
José Domingo Figueroa Palacios, national president of the IMEF, explained that relocation is a great opportunity only for Mexico, “but it is not like that, nowadays it is being better used by Asian companies; Taiwan, Vietnam are doing things better, they are taking a better percentage than us of the relocation”.
The IMEF indicated that it is imperative to overcome the structural barriers that can inhibit the potential benefits of nershoring, such as the limitation to generate efficient and clean electricity; water scarcity in various regions; significantly improve processes to be more efficient in procedures; adopt improvements in logistics processes and have a robust rule of law.
“Above all, an education focused on the new economy is needed; which is what companies require, this is an education focused on business models in the digital age, on intellectual property, that is what is required to be able to take advantage of it,” said Figueroa.
He commented that what is being seen today is the beginning of the investments, and that these will occur and will be reflected in a more important way in the medium and long term.
“It was reiterated that the so-called nearshoring offers great potential benefits for the Mexican economy. However, it was agreed that this should not be ‘oversold’, since they are not investments that materialize immediately and their benefits will take time”, highlighted the Institute.
