As manufacturers consider shifting production from China back to the West, the U.S. could become an economically viable alternative faster than you think.
An ever-improving supply chain infrastructure, a low-cost but increasingly skilled labor force and successful economic reform efforts combine to make Mexico an increasingly attractive target for cross-border industrial opportunities, according to new research by Jones Lang LaSalle (JLL). Mexico's proximity to the huge U.S. consumer market will always be a major competitive advantage but Mexico compares favorably to China, an industrial powerhouse that is becoming burdened by escalating manufacturing costs and lengthy shipping lead times.
On its way back to the U.S. from China, might manufacturing take a detour into Mexico? Does our neighbor south of the border stand ready to quash the Great American Industrial Revival?
