Mexico has overtaken China as the #1 source of imports to the US, and the trend is set to accelerate over the next 20 years. Geopolitics and the US-China trade war have changed Mexico’s role in the North American economy, and there is now a once-in-a-generation opportunity for managers who know how to take advantage of it. 

Module 1: Introduction to Nearshoring and the Benefits of Mexico 

What is “nearshoring”: Explore the concept of nearshoring and its advantages over traditional offshoring.

The Mexican value proposition: Location, USMCA trade rules, and strong institutional relationships explain Mexico’s success as a nearshoring destination.

Mexico’s business environment.

Module 2: The 3-Step Mexican Manufacturing Model 

Step 1: Import under IMMEX (Maquiladora Industry Modernization Program):

What is the IMMEX program and its benefits (duty-free temporary import of materials for processing and export).

The mechanic of IMMEX programs (manufacturing services, shelter programs).

The players, regulations, and institutions driving IMMEX.

Step 2: Utilizing Mexico's Shelter Program to register your Mexican business.

Define shelter companies and their role in facilitating IMMEX operations.

Explain the advantages of using a shelter (reduced administrative burden, legal expertise).

Highlight key considerations when selecting a shelter provider (experience, reputation).

Shelter vs. Greenfielding.

Step 3: Exporting to the US under USMCA (United States-Mexico-Canada Agreement):

Discuss the USMCA's benefits for nearshoring to Mexico (duty-free access to US market, origin rules).

Explain the process of complying with USMCA requirements for duty-free exports.

Explore potential challenges and solutions related to customs regulations.

Module 3: The future of the North American Trade Bloc

Mexico’s post-nearshoring economy. What does the future hold for Mexico?

The main stakeholders

What about China?

What about entrepreneurs?

The new JV: US-Mexican hybrids.