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Mexico is becoming a key player in the nearshoring phenomenon thanks to 1️⃣ Proximity to the US 2️⃣ Competitive labor costs 3️⃣ Trade agreements This has the potential to create millions of jobs, particularly in 🎯 Manufacturing: potential to create over a million jobs over the next 5 years in the manufacturing sector alone 🎯 Information Technology 🎯 Business services However, challenges such as --> Infrastructure limitations, Talent shortages and Security concerns need to be addressed to sustain growth. Temp Staffing Agencies can play an important role in addressing the skills gap in IT, engineering, supply chain management and English language proficiency https://lnkd.in/en8NxQc4 #nearshoring #staffing #indotronixavanigroup

I wanted to share an interesting article by Martín Padulla at Staffing Industry Analysts about how Mexico is becoming a great place for companies to hire talent. With over $20 million invested just in the first part of this year, this trend is creating a lot of jobs in areas like Admin, Manufacturing and IT! 🌟 As a leader who works with teams from different countries, I see how important it is to talk and work together. While there are challenges like finding skilled workers and improving infrastructure, I believe we can solve these issues by working together as a team. Mónica Flores Barragán from ManpowerGroup points out that we need to train workers and make sure the laws are clear. Our industry can play a big role in making this happen! Let’s support education and create flexible job opportunities that help everyone. I encourage you to read the full article for more insights on how we can all work together in the exciting nearshoring market in Mexico: https://lnkd.in/dxtkNE73 Together, we can create a brighter future! 🌍🤝 #Leadership #Nearshoring #Mexico #JobCreation #Teamwork #BusinessGrowth

💪 According to a recent report, there's a significant increase in companies bringing their manufacturing operations back to the United States. Why is nearshoring important? 1️⃣ Job creation: Nearshoring means more employment opportunities for American workers, boosting local economies and reducing unemployment rates. 2️⃣ Quality control: By manufacturing domestically, companies can maintain tighter control over production processes and ensure superior quality products for consumers. 3️⃣ Supply chain resilience: The pandemic highlighted the vulnerabilities of global supply chains. Nearshoring offers a solution by reducing dependence on foreign suppliers and enhancing national security. 4️⃣ Sustainable practices: Local production minimizes carbon emissions associated with long-distance transportation, making it an eco-friendly choice for companies committed to sustainability. Check out the full article to learn more how this trend is reshaping the future of American manufacturing!

Check out this fascinating report by IMCO on the growing trend of nearshoring! 🔍 Nearshoring is the practice of bringing manufacturing operations closer to home, offering numerous benefits like reduced costs and improved efficiency. The report discusses the current opportunity for Central American countries to attract foreign investment and participate in global value chains. However, countries needs to be proactive in creating a more attractive environment for investors. Waiting for investments isn't enough. Public officials need to institute policies to boost competitiveness and attract companies relocating their production chains. Other recommendations from the report include: ✔️Investing in infrastructure (water, electricity, housing, transportation) to address regional gaps in development. ✔️Training workers for high-value jobs through education, technical training, and certificates. ✔️Encouraging adoption of digital technologies and automation to integrate into advanced manufacturing.  ✔️Ensuring legal certainty and an efficient justice system to reduce risks for investors. ✔️Streamlining regulations for businesses to operate more easily. By implementing these recommendations, Central American countries can position themselves as a more attractive destination for nearshoring, leading to economic growth, job creation, and better integration with North America. 📲 Click the link below to read this impressive report and discover how nearshoring can shape the future of manufacturing! 💡👇 [https://hubs.la/Q02kKDHw0]

Nearshoring to Mexico has become an invaluable strategy for HR departments seeking optimal outcomes. Here are three reasons why: 1. Proximity: Mexico's similar time zone to North American markets fosters real-time collaboration and boosts efficiency. 2. Productivity: Leveraging Mexico's skilled workforce and cost-effective solutions, nearshoring boosts productivity while maintaining competitive advantages. 3. Painless Hiring: As an Employer of Record provider, we streamline the hiring process, ensuring compliance and efficiency, allowing you to focus on your core business. Discover how nearshoring to Mexico transforms HR: https://hubs.li/Q02qywfF0

Nearshoring involves relocating processes, services or functions to countries closer in proximity, offering a plethora of benefits including cost savings, reduced logistical complexities and enhanced market responsiveness. In recent years, Mexico in particular has emerged as a premier destination for U.S. and Canadian companies embracing nearshoring solutions, presenting a compelling case for businesses looking to expand their operations while maintaining proximity to the North American market. In this blog post, Francisco M., SPHRi, Manager, Client Solutions, GoGlobal, looks at the rising significance of Mexico as a nearshoring hub amid a shifting geopolitical landscape. He also uncovers 10 advantages nearshoring to Mexico can bring to your organization and introduces Employer of Record (EOR) hiring as a pivotal solution for success in nearshoring: https://hubs.li/Q02qywfF0 #GoGlobal #HR #EOR #RemoteWork #HireTalentAnywhere

#Nearshoring continues to be a major trend that we see with our partners. It's a fantastic way to optimize your cost while keeping teams in the same time zone as your organization. The biggest challenge is just the talent shortage, which is why it's crucial to partner with a talent provider that can operate globally to holistically support your business, like Akkodis. https://lnkd.in/eNVSTP2u

In 2024, nearshoring in Mexico continues to be a prominent trend in the business landscape, particularly for companies based in the United States looking to optimize their operations. Here's an overview of nearshoring in Mexico in 2024: 1. Geographic Proximity: Mexico's geographical proximity to the United States remains a key advantage for nearshoring activities. This proximity reduces transportation costs and allows for easier collaboration and communication between teams. 2. Skilled Workforce: Mexico boasts a large pool of skilled professionals across various industries, including manufacturing, technology, customer service, and software development. Companies engaging in nearshoring can tap into this talent pool to support their operations. 3. Cost Efficiency: While Mexico offers a skilled workforce, it also provides cost advantages compared to keeping operations solely within the United States. Labor costs, real estate expenses, and overall operational expenses are often lower in Mexico, making it an attractive option for businesses aiming to reduce costs without compromising quality. 4. Stable Business Environment: Mexico maintains a stable business environment conducive to foreign investment. The government has implemented policies to encourage nearshoring activities, offering incentives and support to companies looking to establish operations in the country. 5. Industry Diversification: Nearshoring in Mexico extends beyond traditional manufacturing sectors to include services such as IT outsourcing, customer support, and back-office operations. This diversification allows companies to leverage Mexico's capabilities across various industries. 6. Infrastructure Development: Mexico continues to invest in infrastructure development to support nearshoring activities. This includes improvements in transportation networks, telecommunications infrastructure, and industrial parks tailored to the needs of foreign businesses. 7. Cultural Affinity: Shared cultural similarities between Mexico and the United States can facilitate collaboration and integration within multinational teams. Cultural affinity can contribute to smoother operations and foster a sense of unity among employees. Overall, nearshoring in Mexico remains a strategic choice for businesses seeking to optimize their supply chains, access skilled talent, and capitalize on cost efficiencies while maintaining close ties to the U.S. market. #mexico #nearshoring #industry

Why are US companies increasingly looking to Mexico for nearshoring? Discover the economic, geographical, and cultural factors driving this trend. Read more in our latest article: https://lnkd.in/eAemf4N3  What benefits have you experienced with nearshoring? #Nearshoring #USMexico #BusinessStrategy #Innovation"

Nearshoring & Latin America: The Region’s New Framework for Global Out-Sourcing While #nearshoring has become the buzzword of the moment in the global business world, recent data indicates that the practice is much more than a passing political trend for lowering operational costs. In Latin America, the increased presence of nearshoring services and its subsequent investments reveal the beginnings of a greater structural shift relating to how the #US is now considering #outsourcing talent. Since the 1980s, the global cross-border flow of goods and services has only sharply risen. Data from the World Bank demonstrates this increase: → Foreign direct investment soared 20-fold between 980 and 2020 → Global trade rose from 35 percent of world GDP to 58 percent. → Average global real income grew by 120 percent. However, new global pressures have since consolidated and changed the geographical terms of where this cross-border flow should take place. Issues ranging from political scrutiny about the social consequences of open borders, the way governments respond to national and international security threats, global health crises, and environmental disasters in a rapidly climate-changing world, are magnifying a need to maintain business operations as close to home as possible, while still manifesting the significantly lowered operational costs associated with outsourcing. What does this mean for #nearshoring and the Americas? An increased relationship and investment with Latin America, equating to stronger regional ties and a more unified pan-regional business experience! Closer trade and investment ties between the US and its neighboring countries has always been a political ideal. Indeed, the U.S. Hispanic Chamber of Commerce has been advocating for this regional connection as a way to generate economic growth, prosperity, and stability for many decades and it has now become clear that nearshoring may well be the ideal business strategy to stimulate this regional upswing. In our upcoming posts, we will continue to investigate the economic, cultural, and social effects of nearshoring as a key factor of regional advancement for the Americas. Follow our page to keep learning more about the importance of incorporating an #outsourcing strategy close to home! Think different, you owe it to your bottom line! #NearshoringIntheAmericas #UShispanicchamberofcommerce