Mexico is Becoming The New China For Manufactures
Mexico’s geo localization is playing an important role, the closeness to the US, Canada and Latin America combined with its young and increasing workforce put the country in a very attractive spot for investors. Lately, companies like Whirlpool, Black & Decker and General Electric relocated their factories from Asia to Mexico. Mexico’s role is set to bring back the manufacture industry to North America.
Those news are not only coming from Mexico, the American business magnate, Donald Trump said last month in a press conference that Mexico will be the next China for manufactured consumer goods. http://www.elfinanciero.com.mx/economia/mexico-sera-la-nueva-china-donald-trump.html
The following charts show the current situation of Mexico versus China:
For full information visit: http://www.elfinanciero.com.mx/economia/mexico-se-perfila-como-la-nueva-china-para-las-manufacturas.html