“Made in Mexico” takes on a new meaning for many Chinese companies who want to sell American consumers everything from furniture to electronics.
In the wake of global supply chain issues during the coronavirus pandemic and the ongoing trade war between the United States and China, many Chinese companies are adjusting their delivery strategies. Chinese businesses are establishing factories in northern Mexico to produce and deliver products to the United States in less time.
Joining the discussion:
- Pola Grijalva is the President of the China Chamber of Commerce Mexico and Senior Partner with the World Trade and Investment Group.
- Rafael Bernal is a staff writer for the political newspaper, The Hill.
- Yan Liang is an endowed chair of Economics at Willamette University.
- Andy Mok is a Senior Research Fellow with the Center for China and Globalization.
Online fashion giant Shein is exploring plans to build a factory in Mexico as one of its manufacturing hubs outside China as the company faces increased scrutiny from US lawmakers and looks to expand its Latin America footprint https://t.co/llTWcDbIvT pic.twitter.com/uPgA0lG7n5
— Reuters Business (@ReutersBiz) May 25, 2023
Mexico’s foreign direct investment rose 48% in the first quarter from regular flows recorded during the same time last year, the latest sign that corporate nearshoring efforts are contributing to the country’s export boom https://t.co/icghHDYpZL
— Bloomberg (@business) May 22, 2023