Sourcing From Mexico

 SOURCING FROM MEXICO 



Hey guys! 

 We live in a fast-paced world, and our target industry, E-commerce, is changing as well. As the world adopts new strategies and explores new markets in order to thrive new strategies

1.China plus One.

2.Re-Sourcing.

As the world faces a Perfect Storm of supply chain challenges, online retailers and supply chain specialists are exploring sourcing from locations other than China and Asia. So here I’m with the research on the new market Mexico for sellers who are selling in the US to keep their operations close to home.

Do you know?

90 percent of products imported from Mexico to the US have ZERO duties and tariffs.

This means that you can immediately save 25% in tariffs and additional duties if you’re currently sourcing from China. Lead times are also very short. On average, shipments from a manufacturer to the border can only take hours or days to a week, depending on your products. Mexico is characterized by free market trading dominated by private enterprises. After the implementation of NAFTA (North American Free Trade Agreement) signed in 1994
Manufacturing from México has a huge advantage in Inventory management as suppliers can hold products for you, and relieve you from managing obsolete inventories. For example, you will procure a thousand units in total; you can have your suppliers send you 200 units weekly to prevent overcrowding your warehouse. Delays are not an issue as lead times can only take hours or days.

               80 percent of Mexico’s exports go to United States. Mexico exports to United States worth US$ 358 billion and China exports to United States worth US$ 418 billion. Many big companies such as Ford, Abercrombie & Fitch, Fender, and GMC are manufacturing from Mexico for their cost-effectiveness and quality.

MEXICAN TOP TEN EXPORTS ARE:


1. Vehicles
2. Electric machinery
3. Machinery that includes computers
4. Mineral fuels
5. Optical, medical and technical apparatus
6. Furniture
7. Plastics
8. Vegetables
9. Iron and Steel
10. Gems and precious metals

Manufacturing in Mexico has a number of benefits, including lower labor costs, free trade agreements, and access to a trained workforce. Mexico's manufacturing sectors, particularly those in aerospace, automotive, electronics, and medical devices, are renowned for both their low production costs and high quality.

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