Latin America is fast becoming the destination of choice for companies looking to expand their global footprint, and 3PLs with knowledge and regional expertise will be valuable partners.
Mexico presents an attractive option for U.S.-based companies moving all or a portion of their supply chains closer to home.
U.S. companies stand to gain from establishing manufacturing operations in Mexico – if they manage the challenges.
Shifting production closer to the U.S. can benefit supply chains, but nearshoring also presents obstacles.
Manufacturing in Mexico gives U.S. companies quality control, lower transportation costs, and faster transit times.
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Shifting manufacturing operations in Asia back to North America provides companies more control of their supply chains, says Steve Sensing of Ryder Supply Chain Solutions.
The emergence of integrated third-party logistics (3PL) solutions, expanded and improved intermodal service offerings, and creative collaborations to optimize transport resources has prompted many companies to expand operations in Mexico.
Multinational corporations are gambling on the Latin American market's growth potential. But meeting the region's supply chain challenges requires an understanding of local markets, strategic planning, and strong partnerships.
Factors such as labor costs, transportation time and costs, and infrastructure may make Latin America the best global location for manufacturing operations.
As more manufacturers establish plants in Mexico, and as Mexican railroads improve their infrastructure and services, demand for rail transportation within the country and across the border with the U.S. continues to rise.
Troy Ryley and Jose Minarro, managing directors for Transplace Mexico, offer tips for shipping freight cross-border and within Mexico.
Supply chain leaders and economic development experts provide insight on what's new in security, infrastructure, and manufacturing in Mexico.
Jose Fernando Nava, president, DHL Supply Chain, Latin America shows shippers how to capitalize on Mexico's attraction as a growing consumer market.
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Fully implementing cross-border trucking policy benefits both the United States and Mexico, writes Kyle Burns of Free Trade Alliance.
A booming aerospace sector south of the border offers tremendous opportunities for U.S. and Canadian manufacturers.