The geographical location and a young and highly skilled workforce are its major advantages. Agencies like BajaStar provide advice to close contracts from any country.
The Ministry of Finance predicts that the Mexican economy will continue to grow in 2025 due to the dynamism of the labor market, the strength of the domestic market, changes in global trade, as well as the boost to nearshoring and hiring workers described as “young and prepared.”
Although the International Monetary Fund (IMF) lowered its growth projection for the Mexican economy for 2024 by three tenths, placing it at 2.4% of GDP, the neighboring US consolidates itself as a destination for investments and logistics.
Rogelio Ramírez de la O, Secretary of Finance of Mexico, spoke about the growth of the Mexican economy at the Council of the Americas and in meetings with business leaders in the context of events of the World Bank and the International Monetary Fund.
The strategy is clear: incentivize nearshoring and foreign investment, taking advantage of global instability and the country’s geopolitical location. In fact, the development of industrial parks and the expansion of commercial chains have historically improved Mexico’s position in the global supply chain.
At the pace of nearshoring, which basically involves moving production to the country and operating logistics from there, manufacturing production increases in sectors previously characterized by low export levels, such as construction, showing remarkable economic dynamism.
Moreover, multinational companies view the hiring of Mexican remote workers favorably, who are qualified and young, aided by recruitment agencies that handle legal matters.
According to a report by Santander Group,IBM, Coca-Cola, Motorola, Walmart, Inditex Group, BBVA Bancomer, Santander Group, Procter & Gamble, L’oreal, and 500 other leading global companies have a presence in Mexico.
“Mexico attracts the highest amount of FDI in South America and Central America,” states the report, adding, “In addition to being very open to FDI, the country is well integrated into the global economic order: it is a member of NAFTA, the OECD, the G20, and the Pacific Alliance.”
Mexico also has a strategic geographical position and acts as a transit platform to North America and Latin America. It has natural resources and, above all, a young and numerous workforce, something that is lacking in the old European continent.