Mexico, North America: Key Destinations for Asian InvestmentBy Mónica López | Tue, 04/06/2021 - 09:06
COVID-19 exposed the fragility of global supply chains. OEMs have reevaluated the benefits of having most suppliers closer to where their production operations are, while Tier 1s evaluate all the necessary measures to avoid supply disruptions, including relocating operations to a specific region, said industry leaders during Mexico Automotive Summit on Thursday, Mar. 25. With USMCA's new rules of origin for automotive goods in place, there is no better timing for foreign companies to transfer operations to North America. All these subjects were discussed during the panel, “From Global to Local: Promising Destinations for Asian Investments In Mexico and North America,” moderated by Alfredo Arzola, Director General of CLAUGTO.