According to Julio Bello, the company’s vice president and general manager in Hermosillo area, its earnings growth has doubled in five years as a result of many of those clients moving some of their manufacturing businesses from China to Mexico.
We’re going to add some lines and increase our ability over the next six months. That will help our growth plans for 2024 and 2025.
Collectron International Management, which aids foreign businesses in moving to Mexico, is another benefactor. According to Maria Elena Gallego, president and chief executive officer of Collectron Group, the team head matter has increased from 8, 000 to 10, 000.
European investment is pouring into her nation in addition to the 2018 start of the US-China business war. Another is the crisis. She added,” And of course, it has gotten worse ( as a result of the fight between Russia and Ukraine ).
It helps that Mexico’s labor force is experienced and prices are competitive. Bello remarked,” We’re lucky to be in a region with many institutions nearby and an extremely talented and skilled workforce.”