With the increase in freight costs from Asia and the longer shipping times, many US companies are looking for alternatives to outsourcing their products, people or processes to Asia. Mexico is much closer than China and the labor rates in Mexico are 30% or more cheaper than in China but still many US companies are…
Manufacturing
Most US companies have never thought of nearshore sourcing their products in Mexico rather than going all the way to Asia for their products. A common misconception about the products manufactured in Mexico is that their quality is substandard. All you need to know about this point is that 12 of the top automakers have…
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