Rosario Marín, former US treasurer, said Nearshoring could increase Mexico’s gross domestic product (GDP) by 3%.

The notion of relocationwhich involves the relocation of commercial activities to neighboring countries, has been reinforced in Mexico.

Rosario Marín, former US treasurer, said this trend could increase the Gross Domestic Product (GDP) 3% Mexican.

However, even though Tesla’s investment in Nuevo León will attract many companies, there are still major challenges ahead.

Nearshoring: 5 points to understand why it could increase Mexico’s GDP

1. Boost to Mexican GDP: Offshoring, by offering benefits such as geographic proximity, cultural collaboration and reduced logistics costs, could provide a significant boost to Mexico’s GDP. Rosario Marín points to a potential increase of 3%, which would be a significant change for the country’s economy.
2. Tesla investment in Nuevo León: Tesla’s recent announced investment in Nuevo León, Mexico has generated positive expectations. The arrival of this renowned company can attract other companies, thus establishing a favorable ecosystem for foreign investment and industrial development.
3. Attraction of companies: Tesla’s presence in Mexico could attract other companies from the automotive and technology sectors. This trend not only benefits large companies, but also creates opportunities for local suppliers and small and medium-sized businesses.
4. Labor and qualification challenges: Despite its growth potential, Mexico faces challenges related to the availability of skilled labor. The education and training of professionals in specific fields is essential to ensure that companies find the human resources they need.
5. Energy infrastructure: Another major obstacle relates to energy infrastructure. To attract large-scale investment, Mexico must address the reliability and accessibility of its energy supply, ensuring that business operations can operate efficiently and sustainably.

Offshoring will bring more than 200 Canadian companies to Mexico, Scotiabank says

In conclusion, offshoring represents a promising opportunity to increase Mexico’s GDP and foster industrial development.

Tesla’s investment in Nuevo León is a clear indicator of the country’s attractiveness to foreign companies. However, to take full advantage of this trend, Mexico must strive to overcome challenges such as the availability of a skilled workforce and the improvement of its energy infrastructure.

In this way, the country could establish itself as a leading destination for investment and business growth in the region.

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