MEXICO NEARSHORING - COMPETITIVE ADVANTAGES AND CHALLENGES

This is particularly profitable for businesses targeting the North American market, including one of the world's largest consumer markets, namely the United States. Free trade within the North American region, a network of free trade agreements with 48 countries, competitive labor costs, highly skilled workforce, similar time zones, efficient logistics, a diverse industrial sector, and intellectual property protection are some of the significant benefits that Mexico provides as a nearshoring destination. However, it's important to note that despite these advantages, there are still some challenges, including inadequate infrastructure, extensive bureaucracy, and a weak rule of law.