Is Nearshoring to Mexico Hitting a Wall? MES Offers Solutions for Resilient Supply Chains
Summary
The Labor Index rose from 58.09 to just over 100 in 2020 and has doubled in the past three years, putting additional pressure on manufacturers. Mexican manufacturers are becoming hesitant to provide long-term pricing, which is essential for Fortune 500 companies planning. If your Mexican supplier is unwilling to negotiate, giving capacity to other customers, or unable to meet delivery requirements, financial and labor issues are likely at the core. Contact us at [email protected] to discuss how we can help you navigate Mexico sourcing and supply chain challenges, leveraging a range of supplier engagement methods for resilient nearshoring solutions. Over two-thirds of executives interviewed by McKinsey and other consulting groups have listed nearshoring as a top initiative.