Suppliers Development in a New USMCA EraBy Mónica López | Mon, 04/05/2021 - 10:41
Read our full coverage of the panel here.
USMCA’s new rules of origin will bring opportunities to Mexico as OEMs and Tier 1s are forced to increase their regional content, which could translate into the development of more local suppliers, agreed speakers representing clusters, financers and different levels of the supply chain at Mexico Automotive Summit on Wednesday, Mar. 24. In a panel moderated by Manuel Montoya, President of the National Automotive Clusters Network and CLAUT, Ricardo Coto, Purchasing Director of Metalsa, said the complex environment companies are facing is leading them to carefully evaluate not just the quality of a supplier, but also its long-term financial stability. “The automotive industry is extremely challenging not just in terms of quality and delivery times, but also prices,” added Felipe Villareal, CEO of Alian Plastics. Diego Spannaus, Head of Trade and Receivables Finance, Mexico and Latin America at HSBC, agreed and highlighted the importance of looking for added value throughout the entire supply chain.