Recent international and commercial conflicts, global transportation changes from increasing costs of combustibles and residual supply chain disruptions from the COVID-19 pandemic, amongst other factors, have triggered a global movement known as Nearshoring, which involves the relocation of large production centers closer to sales sites to ensure efficient production processes and improve the competitiveness of goods and services in corresponding natural markets.
For many companies, presence in the North American (Canada, USA, Mexico) market, which is the largest in the world in terms of sales, holds significant strategic value for a company´s business affairs. To maintain competitiveness, moving operational centers closer to this large market is necessary.
Because of Mexico´s geographic location – a more than 1000 km shared border with the United States and access to the Gulf of Mexico and Pacific Ocean – strong infrastructure, specialized work, legal certainty and economic stability, amongst other qualities, it has become one of the most attractive options for investors who are looking to move production centers closer to the North American market.
Nearshoring will certainly attract numerous projects focused on building new production centers. It will also prompt great infrastructure development and fortification opportunities in Mexico that will receive and give viability to these new investments.
Because of Mexico's geographic location – a more than 1000 km shared border with the United States and access to the Gulf of Mexico and Pacific Ocean – strong infrastructure, specialized work, legal certainty and economic stability, amongst other qualities, it has become one of the most attractive options for investors who are looking to move production centers closer to the North American market.
Nearshoring will certainly attract numerous projects focused on building new production centers. It will also prompt great infrastructure development and fortification opportunities in Mexico that will receive and give viability to these new investments.
In relation to Nearshoring, Galicia has a leading Mexican team of over 200 specialized lawyers and experts that gives companies unique multidisciplinary legal advice and aid in setting up production centers as well as the sale and export of their goods and services in the North American market.
Galicia offers high-quality legal advice in the following practice areas to companies interested in reaping the benefits of Nearshoring:
Our team has the tools and experience to offer creative, efficient solutions against the challenges that arise from new investments in Mexico and from exporting goods and services to the North American market.
Contact us: ComiteBD@galicia.com.mx
