AEM's Nearshoring Committee:Comprehensive Approach to Nearshoring
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AEM's Nearshoring Committee:Comprehensive Approach to Nearshoring

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Reneé Lerma By Reneé Lerma | Journalist & Industry Analyst - Tue, 10/24/2023 - 16:56

The Association of Mexican Entrepreneurs (AEM) has taken a step forward in fostering the potential of nearshoring by establishing a Nearshoring Committee. A core mandate of this new body is to support SMEs as they adjust their business models to efficiently connect with large regional companies.

Mexican businesses are presented with a unique opportunity for growth through nearshoring – the practice of relocating production operations closer to their target markets. AEM’s new committee is designed to provide guidance and support to companies across Mexico, while creating new opportunities through industry-focused events. The primary goal is to establish partnerships with state governments and facilitate the exchange of experiences among businesses operating within the nearshoring sphere. This outreach aims to build a strong support network, ensuring that companies receive the necessary guidance as they embark on this project.

AEM envisions the formation of a consultation council, serving as a resource hub for companies across all sectors. This initiative seeks to facilitate collaboration between Mexican businesses, irrespective of their industry, and large enterprises. The aim is to drive a substantial social and economic impact, leveraging the power of partnership with companies in Mexico and the United States.

The Nearshoring Committee's approach is multifaceted, with a focus on enabling companies to make informed decisions and plan for a structured entry into new production chains. This phased strategy begins with information sharing and the creation of workgroups to assist companies in understanding the intricacies of the nearshoring process.

Mexico is expected to gain significant advantages through nearshoring, thanks to its strategic proximity to the United States. This process offers accelerated access to the supply chain and vehicle components to major manufacturers like Tesla. As previously reported by MBN, the company’s upcoming project in Nuevo León, set to begin next year, further underscores the nation's potential as a nearshoring destination. Furthermore, regions lie the Bajio and Queretaro have experienced substantial investments, particularly in the wake of the pandemic, amplifying their economic growth prospects.


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