Mexico faces various economic challenges, but also key opportunities to boost its development, particularly by taking advantage of nearshoring and greater labor productivity, according to the Center for Economic Studies of the Private Sector (CEESP).
Nearshoring has clearly been a key strategy to attract investments and strengthen the regional supply chain, however, CEESP stressed the importance of implementing policies that enhance the impact of this relocation.
Of interest: Guanajuato has the most competitive rental prices for industrial warehouses in the country
In Mexico, salaries have increased since 2019, with an increase of 134.7% in real terms with the minimum wage, the challenge is that these advances are accompanied by equivalent labor productivity.
Currently, it is necessary to strengthen public and logistical infrastructure to guarantee clear rules and promote public safety, elements that are pillars for attracting national and foreign capital.
Check here: Monterrey concentrates 36% of the national industrial construction, with more than 2 million m²
Despite these challenges and the modernization of the labor market, they represent an opportunity to strengthen the economy, with strategies that focus on improving productivity and favorable conditions for investment, this would give rise to Mexico becoming a key and competitive player in the international development panorama.
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