The manufacturing landscape is undergoing a significant transformation, driving a new wave of demand for industrial space in North America.
At NAIOP's I.CON East conference earlier this month, Newmark Managing Director of National Industrial Research Lisa DeNight and Head of Northeast Research & National Life Science Research Liz Berthelette, CRE delved into the evolving dynamics of nearshoring, reshoring and the overall growth in North American manufacturing.
Read the presentation summary blog to discover the sectors leading this charge and the ripple effects on logistics and job creation.
#Newmark#Manufacturing#Nearshoring#Reshoring#Industrial#Logistics#CRE
Reshoring and nearshoring are surging, with new U.S. jobs from these trends jumping from 11,000 in 2010 to over 300,000 in 2022, boosted by automation.
Our Friends at RESHORING INITIATIVE share an article about reshoring and how it can make manufacturing more competitive in the USA.
Has your company considered nearshoring? At MES, we've seen a trend towards working with closer plants for cost savings and faster delivery. Our blog, "Is Your Nearshoring Initiative Stalling?" covers challenges like exchange rates, high borrowing costs, inflation, and rising labor costs. Click below to learn more!
Has your company thought about nearshoring lately? Here at MES, we have noticed a trend where customers in the United States are intrigued by the transition to working with closer plants since it can reduce costs and provide faster delivery times.
However, weighing the pros and cons of such a big move. We can help with this!
Here are some key challenges for most Mexico-based manufacturers:
✅USD to Pesos Exchange Rate
✅High Borrowing Costs
✅Inflation in Mexico
✅Rising Labor Costs
These main challenges and more are discussed in our recent blog titled “Is Your Nearshoring Initiative Stalling?” To learn more about this topic, please click the link below to view our latest blog! https://bit.ly/3RFYvYj#nearshoring#mexicomanufacturing#diecasting#investmentcasing#forgings
The rise of nearshoring is reshaping manufacturing landscapes across North America, and Canada is leading the charge as the premier destination for companies seeking to relocate their operations closer to home.
Check out our latest blog post where we explore nearshoring, dive into predictions for the Canadian manufacturing market, and uncover the key drivers fueling growth in the industry.
Read the full article here: https://lnkd.in/gh9yeP9q#Nearshoring#Manufacturing#CanadaGrowth#BusinessExpansion
Has your company thought about nearshoring lately? Here at MES, we have noticed a trend where customers in the United States are intrigued by the transition to working with closer plants since it can reduce costs and provide faster delivery times.
However, weighing the pros and cons of such a big move. We can help with this!
Here are some key challenges for most Mexico-based manufacturers:
✅USD to Pesos Exchange Rate
✅High Borrowing Costs
✅Inflation in Mexico
✅Rising Labor Costs
These main challenges and more are discussed in our recent blog titled “Is Your Nearshoring Initiative Stalling?” To learn more about this topic, please click the link below to view our latest blog! https://bit.ly/3RFYvYj#nearshoring#mexicomanufacturing#diecasting#investmentcasing#forgings
Director level Program Management Professional with Integral Experience in Process Excellence, Sourcing, Sales, Supply Chain, Lean-Six Sigma, Quality, and IT Systems Development within the lens of Continual Improvement
Really interesting article talking about what's been happening in Mexico over the last ~4-7 years (Significant escalation of activities since COVID, but initial start during the inception of the Trump China Tariffs). Tight Capital, more expensive labor, and a less experienced workforce (problem solving, creative manufacturing methods, technical know-how, LEAN mindset) make this a much more difficult proposition to transition from entrenched Asian sources who have been able to manage costing and provide lots of technical value over the years to B2B partners globally. If you are expecting to pick up a tool from Asia, move it to Mexico, and expect the same results, think again. You will need dedicated resources to ensure you don't experience ballooning costs of product and quality as you transition.
Has your company thought about nearshoring lately? Here at MES, we have noticed a trend where customers in the United States are intrigued by the transition to working with closer plants since it can reduce costs and provide faster delivery times.
However, weighing the pros and cons of such a big move. We can help with this!
Here are some key challenges for most Mexico-based manufacturers:
✅USD to Pesos Exchange Rate
✅High Borrowing Costs
✅Inflation in Mexico
✅Rising Labor Costs
These main challenges and more are discussed in our recent blog titled “Is Your Nearshoring Initiative Stalling?” To learn more about this topic, please click the link below to view our latest blog! https://bit.ly/3RFYvYj#nearshoring#mexicomanufacturing#diecasting#investmentcasing#forgings
