How Mexico Can Boost Its Economy with Global Value Chains
Discover how Mexico can benefit from the redesign of global value chains by optimizing its strategic location. Strengthening response capacity through investments in infrastructure, logistics, and technology is key.
The COVID-19 pandemic has had a profound impact on the global economy, and one of the most significant changes has been the reshaping of global value chains. In the past, many companies were able to source components and materials from all over the world, but the pandemic has made it clear that this model is no longer sustainable. As a result, companies are increasingly looking to bring production closer to home, and Mexico is well-positioned to benefit from this trend.
Mexico has several advantages that make it an attractive location for manufacturing. First, the country has a large and growing workforce. Mexico's population is over 128 million people, and the country's labor force is expected to grow by an average of 1.5% per year over the next decade. Second, Mexico has a strong manufacturing sector.
