Mexico strengthens itself as a rear base for American industry

A pivotal country between the United States and China, Mexico is the big winner of the “nearshoring” trend.

Since 2023, the country has replaced China as the United States’ leading supplier. Its new President, Claudia Sheinbaum, intends to take advantage of this to move up the value chain and move its industry out of the role of a simple assembler. Mexico, which has seen foreign investment, particularly Chinese, soar by 47% in the first nine months of 2023, has ambitions in semiconductors and electric vehicles.

You are reading an article from L’Usine Nouvelle 3732-3733 – July-August 2024
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