Manufacturing In Mexico
There are lots of different advantages to manufacturing in Mexico:
- Cost advantage
- Manufacturing economy
- Workforce demographics
- Ease of access
Labor in Mexico is both highly skilled and around eighty percent less than the cost of labor in the US. You can also gain access to a modern infrastructure with real estate also being on the market for approximately half the cost of the US. This is true in all major cities, ensuring operating costs are lower.
Mexico has a median age of 26. That beats the US median which is 37 and the total labor force covers more than 47 million people. As well as this, workers are highly qualified and educated with 115,000 engineers graduating annually.
It might seem like the options and opportunities in Mexico are too good to be true. However, this just isn’t the case: the country is expanding and as a result is providing more access points to businesses. This is largely due to the shared language and cultural concepts as well as a fertile business climate. We make it incredibly easy to get started with a manufacturing business in Mexico.
Available Workforce
Mexico has a manufacturing workforce population of over 2,373,416.
PRODUCTIVITY
Mexico has a 48-hour work week, this could increase production output by up to 16%.
Wage and labor cost
Stable wages ranging from 1.85 to $2.25 per hour (14.6% cheaper than China).
PROXIMITY
Instead of waiting up to 30 days for shipments from China, Mexico offers reduced transportation costs and negligible time in transit.
free trade agreements
The US and Mexico share more than just culture and history, the countries have business-friendly trade agreements.
Experience and expertise
Mexico exports over $80 billion annually in electronics products
