Image credits: BASF
Weekly Roundups

Highlights Leading to the Big Reopening

By Alejandro Enríquez | Thu, 05/14/2020 - 15:30

Last Friday, INEGI published production and exports results for OEMs in the country. A historic low was reached with an annual fall of 90.3 percent in exports and 98.8 percent in production, with only 3,722 new units manufactured in the country.

However, the automotive sector starts to breathe again as the General Health Council finally deemed the transportation equipment manufacturing sector as essential. Automakers and auto parts manufacturers are setting in place all necessary health measures to assure a safe return to the workplace.

As the COVID-19 pandemic is shaping the new normal for the Mexican economy, INA sees opportunities ahead after the worst of the pandemic has passed, including opportunities Mexico can take in the reshaping of North American supply chains under USMCA.

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The data used in this article was sourced from:  
Mexico Business News, Reuters
Photo by:   BASF
Alejandro Enríquez Alejandro Enríquez Journalist and Industry Analyst