Mexico is experiencing an industrial boom, thanks to the arrival of companies attracted by nearshoring, which is reflected in investment announcements for 13 billion dollars before the end of the first quarter of 2023. The first quarter of 2023 has already announced more than 50 investments related to nearshoring, highlighting Monterrey as the favorite destination for investors, reveals Héctor Tijerina Morales, CEO of Invest Monterrey.

"The ads amount to 13 billion dollars, which is equivalent to more than 70% of all that was captured by foreign direct investment in 2022," adds the person in charge of promoting the economic benefits of Nuevo León to the world.

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Companies in North America, Asia and Europe see nearshoring as a facilitator, since it allows them to transfer production processes located in distant destinations to reduce maquila costs in their place of origin or in a nearby place.

Tesla's mega-factory announcement and BMW's expansion plans underscore the growth outlook for Mexico's industrial market, says Pablo Monsivais Mendoza, an economist at Barclays.

"There are a series of announcements that together represent 12.8 billion dollars, which is 75% of Mexico's foreign investment in 2022, for new investments," explains the analyst in a report Nearshoring: Propping up the real estate industry.

The economist says that companies like Foxconn, Pegatron, Compal Electronics and Inventec plan to increase their presence and improve their platforms. Taiwanese electricity companies seek to invest 2 billion dollars in Ciudad Juárez and Chihuahua to improve their production of computers, cell phones, and to assemble semiconductors, comments Pablo Monsiváis Mendoza.

Investors are showing a growing preference for a much more comprehensive strategy that includes cost efficiency and risk management in the supply of goods, according to Héctor Tijerina Morales.

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Nearshoring reflects the need to relocate operations with the production and supply chains closest to the final consumer market, for which Mexico plays an important role, he adds.

China is one of the most important links in global supply chains, since the Asian country ranks first in the world in the production of many industrial products, says Tijerina Morales.

Currently, Nuevo León captures 50% of foreign direct investment, 11% reaches the state of Coahuila, as well as 7% is received by Chihuahua, details the manager.

The rental of industrial buildings has increased exponentially and a large number of markets reflect vacancy rates of less than 2%, which means that there is a lot of demand and few spaces available/ Construction, particularly industrial, will continue to grow in the following years to cover the needs needs of the new industrial parks, added Tijerina Morales.

In Solili you can consult industrial warehouses available in Mexico City and Guadalajara

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