Andrew Hubert, a supply chain consultant and professor at Holt University, recently moved to Mexico and suggests it as a suitable location for production and supply chain diversification. Mexico’s favorable regulatory environment with the U.S., physical border, and educated workforce make it attractive for small and medium-sized enterprises seeking cost-effective production.
Why this is important
- 🌏 Companies seeking to diversify their supply chain can benefit from Mexico’s proximity to the U.S. and suitable production base.
- 💼 Andrew Hubert’s expertise lies in cross-cultural negotiation and training purchasing teams.
- 🤔 The challenges companies may face when moving their supply chain to Mexico include sourcing and supply chain complexities.
- 📉 Compliance and logistics costs have increased, making it more difficult to manage cross-border business.