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COGISTICS Transportation LLC

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Nearshoring is top of mind right now. What are some advantages and disadvantages that you may not have thought of? COGISTICS Transportation LLC Director of Business Development Jeff Leslie talks about manufacturing shifts to Mexico and what to watch out for when #nearshoring. This clip is taken from our webinar "Navigating Sourcing Success in Mexico" with Drew Sheffield, Principal Consultant DS Group Advisors LLC, Maria Llama Esteinou, Lead Consultant DS Group Advisors LLC, and Amy Broglin, Principal Win*x Global Advisory, which is more relevant now than ever. Catch the full video at https://lnkd.in/gXaTZekd! https://lnkd.in/gPtfzJTx

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To some of the advantages have to do with the fact that we have a long relationship with Mexico also look at speed to market. We look at cost savings. It's more than just labor and manufacturing. So it could heavy products with a large logistics cost as part of their cost of goods sold automotives, aerospace, those are those are really starting to flourish in Mexico. Time zone similarities shouldn't be overlooked faster quality control, issue resolution, visitation. Easier to get there and inspect things on the ground. And then of course, the trade agreements, you know, with favorable terms and lower tariffs and so on. However, it does come with challenges. The biggest one is infrastructure. There's a lot of parts of Mexico that legs supply chain efficiency, not just in infrastructure in terms of roads, highways, ports, but also electricity and power grids and being able to power those areas that they're looking to expand to. Security concerns are things that come up. The more common security concern is more along with the cargo theft, not taking the truck on the highway, but actually taking a invalid or expired MC number and, and taking that over and, and positioning a criminal positioning themselves as a valid carrier and they pick up the freight and if that's not caught, the freight disappears. Regulation complexity improving. It is improving, but there are different compliance standards and, and, and legal standards that have to be understood. And then of course an Amy touched on this a bit, just the the time consuming and the expense of establishing a new supply chain network in general. So those are the challenges.

We consult with manufacturers for company procurement, part commodity & sourcing strategies that drive business success!

1w

Jeff Leslie provides his deep insights about the positives and a few unique challenges in sourcing in Mexico. Worth the listen!

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