How Mexico Became the Hottest Spot for Asian Business
Asian companies are flocking to Mexico, with 63% of nearshoring projects from China, South Korea, and Taiwan. Attractions include supply chain optimization, T-MEC benefits, and lower labor costs. This transformative trend is projected to bring 227 new companies annually from 2023 to 2025.
In a remarkable turn of events, Mexico has become a magnet for nearshoring projects, with a staggering 63 percent originating from the economic powerhouses of Asia—China, South Korea, and Taiwan. The first half of 2023 has seen a surge in interest from Asian companies, a trend projected to reshape the landscape of Mexico's industrial sector.
According to data compiled by the Mexican Association of Private Industrial Parks (AMPIP), the surge in nearshoring projects is not merely a statistical anomaly. The last four months of 2022 witnessed a striking revelation: five out of every 10 Asian companies are actively considering relocating their operations to Mexico, signaling a seismic shift in global business dynamics.
