From New York Times: As Ties With China Unravel, U.S. Companies Head to Mexico
Posted on June 8th, by GBP in Administered Business Park, Americas, Asia, Biotech Park, Business Park, China, Consumer Products, Eastern Asia, Economic Zone, Electronics, Free Trade Zone, Global Competitiveness, Incubator, Industrial Park, International Business, Logistics Park, Manufacturing, Mexico, Non-Administered Business Park, North America, Park Classification-ALL, Port, Science Park, Technology Park, United States of America, www.globalbusinessparks.com. No Comments
[GBP note: Excellent article on what's making Mexico more attractive to U.S. companies.]
May 31, 2014
By Damien Cave
Many American companies are expanding in Mexico — including well-known brands like Caterpillar, Chrysler, Stanley Black & Decker and Callaway Golf — adding billions of dollars in investment and helping to drive the economic integration that President Obama and President Enrique Pena Nieto have both described as vital to growth.
As that happens, some companies are cutting back in China and heading to Mexico to manufacture an array of products, like headsets (Plantronics); hula hoops (Hoopnotica); toilet brushes (Casabella); grills and outdoor furniture (Meco Corporation); medical supplies (DJO Global); and industrial cabinets (Viasystems Group).
And while in some cases a move to Mexico is tied to job cuts in the United States, economists say that the American economy benefits more from outsourcing manufacturing to Mexico than to China because neighbors tend to share more of the production. Roughly 40 percent of the parts found in Mexican imports originally came from the United States, compared with only 4 percent for Chinese imports, according to the National Bureau of Economic Research, a private research group.
Click here for full article and photos in the New York Times