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

  • مثقفون أفارقة يوجهون نداء حول فيروس كورونا تحت شعار "حتى نخرج جميعا أقوى من الجائحة
    Authors
    الموقعون الذي ساهموا في تحرير النداء والموافقون عليه : كريم العيناوي و 49 موقع
    April 17, 2020
    وجه 50 مثقفا إفريقيا من بينهم كريم العيناوي، رئيس مركز السياسات من أجل الجنوب الجديد، نداء حول فيروس كورونا المستجد (كوفيد 19)، تحت شعار “حتى نخرج جميعا أقوى من الجائحة”، من أجل تعبئة مختلف دول القارة السمراء لمواجهة تداعيات فيروس “كورونا”. كوفيد 19 هو الاسم العلمي للفيروس المتسبب في مرض تنفسي شديد العدوى وفتاك بإمكانه أن يؤدي إلى وفاة المصابين به.ويترتب عن هذا الفيروس، الذي اعتبرته منظمة الصحة العالمية وباءاً ثم جائحة انطلاقا من تاريخ 11 مارس 2020، آثار وخيمة. إذ تسبب في نشر الموت ...
  • 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 ...
  • 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 ...
  • ADEL Portrait : Scarlett Varga, Head of Development at Bruegel Institute, Brussels
    Authors
    Sabine Cessou
    April 15, 2020
    Born and raised in Romania, but of Hungarian ethnicity Scarlett Varga is since January 2020 the head of development at Bruegel. In other words, she is in charge of the fundraising strategy of this leading European economics think tank, launched in 2005 in Brussels. Her position is highly strategic, as she is member of the organisations’ management and contributes to a 6 million Euros yearly budget, safeguarding Bruegel’s core values of   independence and transparency. Leading a te ...
  • 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 ...
  • The Silver Lining of the COVID Threat
    Authors
    Akhil Gupta
    April 15, 2020
    We are all deeply saddened by the threat the COVID-19 disease poses to our health and way of life. But I am confident the coordinated actions of world leaders will minimize the hardships on the less fortunate and the elderly, and restore our economies. This event has a finite end. As Albert Einstein once said: “in the middle of difficulty lies opportunity.” Those words have never been more relevant. Can the COVID-19 outbreak be such an opportunity? Without diminishing the severity ...
  • Coronavirus : Does the State of Health Emergency in Morocco Comply With International Human Rights Law?
    Authors
    Abdessalam Jaldi
    April 15, 2020
    Moroccans, like the citizens of other democratic countries in times of peace, have learned to take for granted some fundamental rights, including the freedom of movement and assembly. In the attempt to contain the spread of COVID-19, it has suddenly become evident to them that the enjoyment of these rights can be limited. This paper enquires about the compatibility of the state of health emergency proclaimed by the government and approved by the parliament in March 23, 2020 with Mo ...
  • Le confinement : Ni Huis clos, ni Vita è bella : un réalisme positif
    Authors
    Larabi Jaïdi
    April 14, 2020
    Les indicateurs sanitaires et sociaux du suivi de la maladie Covid 19 ne justifient pas, aujourd’hui, d’amplifier le sentiment d’inquiétude.  Il n’en faut pas moins s’interroger sur la façon dont une pandémie pourrait impacter, pour un certain temps, la vie au quotidien, désorganiser la société, bouleverser les repères et les équilibres, accentuer les circonstances de vulnérabilité. La déstabilisation que produit ce type de crise a été prise en compte à travers les soutiens sociaux ...
  • Download PDF
    L’agenda du conseil de sécurité de l’ONU au premier trimestre 2020 : Les foyers classiques de tension l’emportent sur le Covid-19
    Authors
    Abdelhak Bassou
    April 14, 2020
    Parallèlement à l’apparition du Covid-19 au début de l’année en cours, les différents foyers de tensions et de guerres ont vu se développer, entre les belligérants, des escalades dangereuses qui menacent la paix et la sécurité dans le monde. Du Yémen au Sahel, en passant par la Syrie et la Libye, le monde voyait les chances de retrouver la sérénité et la quiétude s’évaporer avec les tirs de mortiers, les raids aériens, les attaques de drones et le renforcement des lignes de fronts e ...