FDI Markets found that in 2020, reshoring accounted for more job growth than foreign direct investment (FDI), with 69,000 manufacturing jobs reshored compared to 42,000 roles created through FDI. The pandemic has accelerated this trend as companies look to strengthen supply chains and meet the needs of consumers as they search for U.S.-made products.
The automobile manufacturing industry will benefit from this trend on both sides of the border. For companies that are searching for ways to save money on labor while ensuring at least 75% of a vehicle is made in North America. Mexico fits the bill to achieve both of those objectives.
Mexican officials expect their country to play a larger role in supply chains of the future. Mexico is partnering with the private sector to develop infrastructure to support growth, with 29 infrastructure projects underway.
https://www.freightwaves.com/news/transmission-mexico-the-land-of-opportunity-for-auto-industry