Spartronics Posts New White Paper about Nearshoring in Mexico
The impact of global events on the supply chain has created additional opportunities for nearshoring, specifically in Mexico for Original Equipment Manufacturers (OEMs).
OEMs today are focusing on expanding the number of suppliers they use. Mexico has established a competitive presence, and it has also proven its ability to successfully manufacture electronic and electromechanical assemblies for verticals like automotive, medical devices, life science, commercial aerospace, communication equipment, and various industrial applications. As the eighth-largest manufacturing economy in the world, Mexico ranks seventh in the world in Deloitte’s competitive index calculation. With nearshoring, employee capabilities in electronics contract manufacturing, and a strong willingness to work are quickly becoming two of Mexico’s significant advantages over other industrialized countries.
What, however, makes for successful outcomes for OEMs? When there is an alignment of lower cost, superior skills, and a strong employee-centric culture, manufacturers experience more productivity, higher efficiencies, and ultimately more satisfied customers.