The media landscape can often appear strewn with stories that emphasize the most negative aspects of any industry, country or government. The truth is sensational stories - most often filled with violence or scandal - sell to viewers, readers and subscribers. The real travesty in this situation is positive, factual information flies under the radar. For instance, the manufacturing sector in Mexico is one of the most encouraging industries in the country, if not around the globe. There are companies that offshore in Mexico to supply inventory to partners in neighboring regions or deliver products directly to the country's consumers, as well as manufacturers looking to better manage their supply chain through strategic production facilities throughout Mexico. Besides the benefits primary stakeholders enjoy by manufacturing in Mexico, there is a multitude of positive consequences associated with moving production to the North American partner.
The nine enterprises identified by the COC are a source of employment for more than 81,000 U.S. workers, and about 6 million people in the U.S. occupy a position that depends on this trade relationship with Mexico. At the same time, the daily total for two-way trade between the two nations is roughly $1.35 billion, which has been driven by exports. More than $270 million in vehicle parts are exported from Mexico to the North Central region of the U.S. every day, while small- to medium-sized businesses in the U.S. export $41 billion worth of goods to Mexico each year.
At the same time, companies need much less time to get a business off the ground. Companies require 9 days to open a business in Mexico, while their counterparts in China regularly need 33 days. If an enterprise has plans to construct facilities in China, they need to schedule them well in advance, as it takes roughly 270 days to get construction permits. On the other hand, companies in Mexico can expect to wait 69 days. This lag in time can be extremely detrimental to establishing a productive offshore location, and many business owners don't recognize it until it's too late.