Avocados have become nearly ubiquitous in American society, being served at fast-food outlets and fine dining establishments alike as demand grows. The U.S. Department of Agriculture reports that U.S. avocado consumption has more than tripled since 2001. According to the USDA, about 90% of all avocados eaten in the U.S. come from Mexico, totaling an […]
Initial cargo of liquefied natural gas ships from Mexico
The developer of the first liquefied natural gas (LNG) export facility in Mexico has successfully shipped an initial cargo, which is on its way to Mexico’s LNG import terminal in Baja California Sur via the Panama Canal. The shipment was produced by New Fortress Energy aboard a Floating LNG (FLNG) production vessel with a capacity […]
Mexico Could Boost GDP by $391 Billion if Most Women Worked, Report Finds
Mexico could boost its annual economic activity by more than 25%, or $390.5 billion, if women worked at a rate comparable to men, a report found on Tuesday from the Milken Institute, a U.S.-based think tank. According to World Bank data cited in the study, about 45.6% of working-age Mexican women have jobs, compared to […]
Campeche Positions Itself as a Key Logistics Hub in Mexico
The state of Campeche is undergoing a transformation in its port sector, aiming to become a strategic logistics node at both national and international levels. Driven by nearshoring and the growing demand for port infrastructure, the government of Campeche is implementing a series of ambitious projects to modernize and expand its ports. Traditionally focused on […]
Mexico’s economy looks set to decline in July: ‘There are signs of a worrying slowdown’
Mexico’s economy is on track to have a weak start to the second half of 2024, dragging along the inertia of the first half, which could lead to lower-than-expected growth for the entire year. Economic activity would have advanced 0.1 percent monthly in June, but in July it would have fallen 0.1 percent monthly, according […]
Mexico Tops $400 Billion In U.S. Trade Faster Than Any Nation Ever
“Mexico has achieved a remarkable milestone by surpassing $400 billion in two-way trade with the United States faster than any other nation in history. What’s even more significant is that Mexico is on the brink of a “trade trifecta,” leading the US in total trade, total exports, and total imports—a feat it has never accomplished […]
Is nearshoring slowing down in Mexico? 3 warning signs and 2 big opportunities
Nearshoring is considered one of the greatest opportunities for economic development in the region, but so far it has not reached its full potential in Mexico. Driven by the readjustments of supply chains following the Covid-19 pandemic and the trade war between the United States and China, this productive model remains one of the main […]
US Steel CEOs Urge Stricter Trade Measures Against Mexico
Nucor’s CEO raises concerns over rebar and other steel products, while Cliffs’ CEO accuses Mexico of “bad behavior” in the steel market. The US government has imposed tariffs on steel and aluminum shipments arriving from Mexico to prevent China from circumventing existing levies. However, top executives at two major US steelmakers believe that more needs […]
Building Resiliency: Why Mexico Is Crucial To The U.S. Reshoring Strategy
To enhance sourcing options for customers, I have devoted time exploring and reflecting on four significant global manufacturing regions (India, Mexico, the United States, and China) and their roles in a comprehensive supply chain diversification strategy. Supply chain management remains an increasingly daunting task, particularly given the pressure to achieve more with less amidst growing […]
Mexican Peso hurt by Banxico’s Deputy Mejia’s dovish stance
The Mexican Peso (MXN) has been negatively impacted by Banxico’s Deputy Governor Omar Mejia Castelazo’s dovish stance, resulting in a decline of over 1% in its value against the US Dollar (USD). The USD/ MXN exchange rate has risen to 17.80, with the US Dollar Index (DXY) reaching 104.18 as investors seek safe-haven assets following […]