Back

COMEXI-PCNS webinar series 2024: Nearshoring boom: lessons from Mexico and Morocco

May 30, 2024
Related topics: 

Nearshoring in Mexico

Nearshoring in Mexico presents both importance and challenges for businesses. The country's proximity to the United States, its largest trading partner, offers strategic advantages such as reduced transportation costs and shorter lead times, making it an attractive destination for nearshoring operations. Additionally, Mexico boasts a skilled labor force, particularly in industries like automotive, aerospace, and electronics manufacturing, which align well with the needs of many nearshoring companies. Moreover, Mexico benefits from trade agreements like the USMCA (United States-Mexico-Canada Agreement), providing preferential access to key markets. However, nearshoring in Mexico also faces challenges, including security concerns in certain regions, bureaucratic hurdles, and regulatory complexities that may impede the ease of doing business. Infrastructure constraints, such as inadequate transportation networks and energy supply, can increase operational costs and pose logistical challenges for companies. Addressing these challenges while leveraging Mexico's strategic advantages is crucial for maximizing the potential of nearshoring in the country.

Nearshoring in Morocco

Nearshoring in Morocco is significant due to its proximity to Europe. This stability, coupled with developed infrastructure and efficient logistics, facilitates seamless operations and reduces investor uncertainties. It offers advantages like reduced transportation costs and access to a skilled workforce, particularly in the engineering and IT sectors. Trade agreements and government investments in infrastructure support nearshoring activities, making Morocco attractive for European companies to optimize their supply chains. The country's political stability, developed infrastructure, and efficient logistics bolster its appeal to investors. Macro factors such as trade openness and stable exchange rates further enhance its attractiveness. Moreover, Morocco boasts solid legal frameworks that prioritize and protect business rights and economic incentives, ensuring a stable and predictable business environment. However, challenges persist, including skill mismatches, technology transfer, and SME upgrading. Addressing these, alongside pressing concerns like achieving carbon neutrality and digitalizing the economy, is essential for Morocco to fully leverage its potential as a competitive nearshoring hub and sustain its appeal to foreign investors.

Importance of the webinar

In this context, the exchange of experiences and lessons learned between Mexico and Morocco is instrumental in bolstering their nearshoring opportunities and overcoming challenges in this domain. By sharing insights into their respective nearshoring endeavors, both countries can leverage each other's strengths and address common obstacles more effectively. Through collaboration and knowledge sharing, COMEXI and PCNS can contribute to identifying innovative solutions, actionable strategies, and the maximal capitalization of trends in the global nearshoring landscape. This exchange can also result in ideas that foster mutual growth and competitiveness in the nearshoring sector, that help drive economic development and create new opportunities for both nations.

RELATED CONTENT

  • Covid-19: Why Gender Should be Factored in Post-Covid Responses
    Authors
    Aleksandra Chmielewska
    April 17, 2020
    Covid-19 has already put severe pressure on the global economy. Within four months since the first cases of coronavirus were confirmed in China in December of 2019, millions of people have lost their jobs worldwide due to the crisis and the imposed lockdown to prevent the spread of the virus. The forecasts are gloomy. According to the International Monetary Fund, the pandemic will trigger negative growth in over 170 countries and might therefore bring a worse economic recession than ...
  • Women: victims and heroes in times of COVID-19
    Authors
    Nihal El Mquirmi
    April 17, 2020
     “Never forget that a political, economic or religious crisis will be enough to cast doubt on women's rights. These rights will never be vested. You'll have to stay vigilant your whole life.” Simone de Beauvoir Disease outbreaks impact men and women differently, and in times of crisis gender inequalities are exacerbated. As the United Nations has observed, COVID-19 “is deepening pre-existing inequalities, exposing vulnerabilities in social, political and economic systems, which are ...
  • النظام العام و ٲزمة covid-19
    April 17, 2020
    هل للٲوبئة و الجائحات أثر على النظام العام؟ كيف يدبر المغرب مسألة النظام العام في زمن الكورونا؟ ...
  • Apocalypse Now
    Authors
    Helmut Sorge
    April 17, 2020
    COVID-19 is neither the end of civilization nor the beginning of enlightenment. The virus is revealing something though: the ignorance of some people, who are convinced by ideas of conspiracies and plots—for example that the virus emerged from secret laboratories in Wuhan, China, or Washington D.C. Or that Bill Gates, the billionaire Microsoft and internet pioneer, planted the coronavirus to earn money by selling vaccines. Or that 5G wireless networks are responsible for the deadly ...
  • Covid-19 et circulation transfrontière Les citoyens du Sud doivent s’attendre au pire
    Authors
    Abdelhak Bassou
    April 17, 2020
    Mondialisation oblige, les frontières se trouveront en tête des préoccupations mondiales en temps de pandémie. Un dilemme se pose entre : - D’une part, le souci, pour chaque pays, de se protéger contre la dissémination du virus provenant des pays les plus touchés ; - d’autre part, le souci de préserver l’ouverture aux autres Etats du monde, nécessaire à la survie de l’économie en raison de l’interdépendance accentuée par la mondialisation. La circulation des personnes, fonction p ...
  • Nos systèmes économiques face au COVID-19 : Faiblesses et opportunités
    Authors
    Meriem Oudmane
    Hamza Saoudi
    April 16, 2020
    La crise sanitaire du Covid-19 a montré plusieurs fragilités et limites du système économique mondial. En plus de son impact très négatif sur l’économie, cette crise a des impacts sociaux très inégaux et qui varient d’une couche sociale à une autre. Elle a un impact dévastateur sur les ménages pauvres qui n’ont pas suffisamment d’épargne et de ressources financières et ceux ayant des emplois vulnérables[1]. Si le télétravail est une option pour certains, ce n’est pas le cas pour plu ...
  • الأوبئة والدولة والمجتمع في تاريخ المغرب
    Authors
    الموساوي العجلاوي
    April 16, 2020
    الهزات التي تطرأ بين الحين والآخر في أي مجتمع، تقاس بها متانة مؤسسات الدولة والمجتمع على السواء في مواجهة الأزمات. وإذا عرفت مؤسسات الدولة استمرارية في تاريخ المغرب، فإن تفاعل المجتمع المغربي مع ظاهرة الأوبئة قد اختلف بمقدار اختلاف الظروف السياسية، من حيث تقاطع الوباء مع ضعف السلطة المركزية أو قوتها، وبارتباط الأوبئة والأمراض بالقحوط والمجاعات. وتحتضن الخزانة المغربية متونا عديدة ومتنوعة، سواء من حيث تعرضها للأمراض والأوبئة بطريقة مباشرة، أو بطريقة غير مباشرة. وبحكم موقع المغرب من ا ...
  • Impact of COVID-19 on Kenya's Economic Development
    Authors
    Sahil S.R. Shah
    April 15, 2020
    As with the rest of the World, the impact of COVID-19 in Kenya has stretched beyond the sphere of healthcare and the spread of the actual virus, as economic development outcomes are expected to be seriously affected by the disruption caused both globally and locally. In fact, one of the working hypotheses of the impact of COVID-19 on African nations is that the substantive impact of the virus on livelihoods will occur less from health-related issues than the economic shock, disrupt ...