The Trend of Production Moving from China to Mexico – Regulatory and Practical Considerations
SOURCE: National Law Review In recent years, a wide array of trade actions pursued by the United States, foreign and domestic policies of the United States and China, reputational risks, and supply chain breakdowns are driving a trend of more and more manufacturing moving from Asia to Mexico. The Biden Administration has made no secret […]
LockBit ransomware attack impacted production in a Mexican Foxconn plant
LockBit ransomware gang claimed responsibility for an attack against the electronics manufacturing giant Foxconn that impacted production in Mexico The production plant is in a strategic geographic position for the reception and distribution of materials because it is located on the border with San Diego. The company said the operations at its production plant are […]
Navigating Tax Compliance When Manufacturing in Mexico
SOURCE: IVEMSA There are numerous benefits of moving manufacturing to Mexico which have led to continuous economic growth and success for global companies across all industrial sectors. Mexico provides an established infrastructure and supply chain conducive to efficient productivity. The country delivers has a highly-skilled, cost-effective workforce, and close proximity to the U.S. market, among its other advantages. […]
Purchasing Managers Index (PMI) in Mexico Above 50.0 for the first time in 31 months
Supply chain woes underpin unprecedented rise in backlogs and near-record increase in input cost The Mexican manufacturing industry was again negatively impacted by lingering problems in supply chains, a key factor leading to an unprecedented increase in outstanding business and the second-sharpest rise in input costs since the survey started in early-2011. Weakness was also […]
Top Five Trends Shaping the Future of Corporate Purpose in 2022
CALGARY, Alberta– Benevity, Inc., a leading provider of global corporate purpose software, today released its second edition of The State of Corporate Purpose, a report from Benevity Impact Labs that takes a comprehensive look at proprietary data and research on the key industry trends shaping the future of corporate social responsibility (CSR); environmental, social and […]