Could Mexico make a manufacturing comeback?
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With high oil costs around the world and climbing labor costs in China, this Christian Science Monitor asks whether Mexico could be making a comeback in manufacturing.
‘Just as Mexico was becoming the rising star of global manufacturing in the 1990s, China’s even cheaper wages turned that country into the world’s factory. ‘But now, with skyrocketing oil prices, escalating labor costs in China, and an appreciating currency there, companies targeting the US market are doing the math and giving Mexico another look. So-called ‘nearshoring’ could generate a reverse globalization that brings manufacturing back to Mexico.’
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