Manufacturing in Mexico has continued to increase both in sophistication and size, despite recent economic challenges, and is popular as an offshore manufacturing hub. Mexico s biggest, diversified labor force continues to develop across all manufacturing sectors and is today the 12th largest export provider in the world. Consequently, there has developed a highly educated, and highly skilled workforce which is capable of excelling in almost all the various industrial manufacturing in mexico. In fact, Mexico is increasingly becoming a net exporter of goods and services in all areas of the manufacturing spectrum.
The Mexican government under the leadership of the President Diaz Ordinance has adopted a policy of encouraging foreign direct investment (FDI) in Mexican industrial and manufacturing businesses. Under such policies, foreign direct investment (FDI) in Mexican industries is encouraged by the Government, to develop these industries, and make them more efficient. The growth of these industries helps improve the productivity and income level of the people, as well as make Mexico a more competitive global player. Manufacturing in Mexico thus forms the backbone of the Mexican economy.
Medical devices are one of the sectors that have benefited greatly from globalization. As manufacturing industries in Mexico are able to employ a large number of professionals from other countries, there is a greater chance of reaching international standards of quality and efficiency. By creating more jobs in this sector, the Mexican population is also able to realize its social potential growth.
One of the largest employers in Mexico is the automotive industry, which employs over 25 million people. Automotive equipment and components are used in every aspect of manufacturing, from design and conception, production, marketing, and advertising to final retail packaging and on-site service. The automotive workers in Mexico have access to some of the best labor markets in Latin America, due to the high availability of professionals, relatively lower cost of living, good job security, competitive wages, and benefits packages. In addition, the Mexican automotive workers belong to a group of highly educated, experienced individuals that have become successful in their chosen fields.
Other manufacturing sectors that benefit from globalization are the textiles, rubber, cement, petroleum refining, metal works, and apparel industries. Because of Mexico’s lower labor costs relative to the United States and other Northern European nations, these sectors continue to expand at a very fast pace. Textiles manufacturers in Mexico benefit from lower labor costs because of the low cost of labor in Mexico and the availability of inexpensive labor force in rural areas. These textile production facilities are able to employ people from various countries of Mexico, such as Spain, Brazil, Argentina, Peru, Nicaragua, and Chile. The use of recycled materials and production techniques help to reduce the waste in each process, thus reducing the overall impact on the environment.
The growth of the textile industry in Mexico is expected to reach the highest level in ten years. This increase in production will result in more jobs for the Mexican people, and more foreign companies begin to invest in Mexico. Some of these investments will take place in the form of plant and equipment leases, which will lead to a rise in employment in Mexico. Additionally, the increase in tourism in Mexico will increase travel among the foreign population, creating more job opportunities in the tourism sector. Meanwhile, many of the foreign investors will also create new businesses in Mexico, allowing workers from other countries to have access to the same employment opportunities as well. With the current rate of unemployment in the United States and all of the countries surrounding it, there are a lot of reasons why it makes sense to consider moving your manufacturing operations to Mexico, rather than staying within the borders of the United States.