#14 - Jacobo Guajardo - Mexico is the future of North America
Manage episode 450500976 series 3592679
In this episode, I sit down with Ben to dig deep into why Mexico is positioning itself as a future manufacturing powerhouse, not only for North America but on a global scale. Ben brings years of experience and insights, particularly from his time working in Japan, to give us a nuanced perspective on the shifting dynamics of global manufacturing—especially the movement away from China and toward locations like Mexico.
We dive into how Mexico’s unique geographical position is playing a significant role in this shift, with its close proximity to the United States and Canada making it ideal for nearshoring. Ben explains how, with wages and political instability on the rise in China, companies are now looking for alternative production hubs, and Mexico is checking all the boxes.
Ben and I discuss how Mexico’s industrial landscape has evolved, particularly in key sectors like automotive, real estate, and energy. We explore the impact of trade agreements, such as NAFTA and the updated USMCA, which have laid the groundwork for Mexico to become the U.S.'s largest trading partner. Ben breaks down how these agreements have opened doors for growth, making Mexico increasingly competitive with manufacturing giants.
We also look at what this trend means for businesses and investors, examining both the challenges and opportunities as Mexico rises in prominence. Ben shares his experiences with Mexican and U.S. companies that are capitalizing on these changes, shedding light on the practical implications for industries ranging from electronics to automotive and beyond.
This conversation is all about understanding the real factors behind Mexico’s manufacturing boom and why this shift matters not just to North America but to the entire global economy. If you're interested in the future of industry and the forces shaping the next generation of manufacturing, this episode is for you.
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