Supply Chain Research

The Mexican government plans to attract manufacturers to invest in the country after the launch of the U.S. Mexico Canada Agreement on July 1 brings “opportunities that open up with this increase in regional content requirements”, according to Economy Minister Graciela Marquez. The autos and steel sectors are particularly relevant given the new rules-of-origin will favor production in the region over imports from outside. Mexico’s steel industry is already expanding. Exports of steel have increased by 15.9% year over year in 2019 versus 2017 with 72.6% flowing to Canada and the U.S. One ...