Mexico’s booming exports expected to boost cross-border trade in 2024
As more global supply chains shift manufacturing to Mexico, cross-border operators said nearshoring will be a key economic driver for the North American freight economy in 2024. SOURCE: Freightwaves Nearshoring — the relocation of production and manufacturing operations from one country to another to be closer to end consumers — has fueled manufacturing growth across […]
Car sales in Mexico reached highest level since 2018
More cars were sold in Mexico in 2023 than in any of the previous five years, according to a report from the national statistics agency INEGI based on information provided by 23 auto sellers. SOURCE: Mexico News Daily According to the INEGI data, more than 1.36 million new light vehicles were sold domestically in 2023, an […]
Inflation increased more than expected in December
Mexico’s annual headline inflation rate rose for a second consecutive month in December to end the year at 4.66%, the national statistics agency INEGI reported Tuesday. An annual increase of over 10% in the cost of fruit and vegetables was the biggest driver of the increase. SOURCE: Mexico News Daily The annual headline rate increased […]
NAM Redoubles Tax-Priority Push
With tax bill negotiations left unfinished before lawmakers left for the holiday break, the NAM is hitting the ground running in 2024. The NAM continues to push for manufacturers’ top three tax priorities: immediate R&D expensing, a pro-growth interest deductibility standard and full expensing for capital investments. What’s going on: Congress has just a few weeks to reach […]
IDC: 60% of Asia’s Top Firms to Boost Worker Retention via Personalized Experiences and Enhanced Collaboration by 2025
Top Future of Work Predictions in Asia/Pacific* for 2024 and Beyond Revealed by IDC SINGAPORE – In a recent FutureScape report, IDC FutureScape: Worldwide Future of Work 2024 Predictions — Asia/Pacific (Excluding Japan) Implications, IDC predicts that by 2025, 60% of A2000 firms will upgrade hardware and software technologies to increase worker retention with personalized work experiences and […]