The automotive sector is the one that attracted the largest amount of investment in October, with VW, Continental, Pirelli and Michelin being the companies that announced the largest projects. However Credit Suisse highlighted the attractiveness of industries such as machinery, ventilation, consumer goods, furniture, electronics, plastics and textiles.
The group highlighted that VW and Audi announced plans to increase the production of electric cars in Mexico; that Mazda will bring the production of the CX3 model from Japan and that BRP inaugurated a new electric motorcycle factory in Bajío.
Relocation has to do with moving part of a company’s manufacturing, assembly or supply processes to a closer country or region and, if possible, with a time zone similar to that of the final consumer.
The foregoing with the purpose of facilitating the transfer of merchandise and reducing transportation costs, as well as reducing operational risks and guaranteeing the availability of products, adds the firm Mail boxes.
According to the United Nations Organization (UN), in 2021, six out of 10 cargo ships suffered notorious delays due to queues at ports for these vessels to unload.