Mexico’s Nearshoring Boom Lends Momentum to Talent

Mexico's nearshoring boom has led to the creation of jobs in Jalisco, Baja California, Guanajuato, Chihuahua, Coahuila and Nuevo Leon. The latter state leads the trend. 

In 1Q23, Mexico has seen a nationwide boom of formal jobs, reported the Mexican Social Security Institute (IMSS). Jalisco, Baja California, Guanajuato, Chihuahua, Coahuila and Nuevo Leon have become the hotspots for nearshoring as they reported 45% of the country’s new jobs. 

“Nearshoring has become very relevant in Mexico in recent months and is now considered a business strategy that will define part of the economic course for 2023. This is not a coincidence: Mexico has a privileged geolocation coupled with almost 30 years of experience as a trading partner for the US and Canada, making it attractive for more and more global companies to relocate their production plants in the country", said Vladlmiro de la Mora, President GE Mexico to MBN. 

The country reported 4 million new jobs in the initial three months of 2023. Yucatan, Tabasco, Hidalgo, Oaxaca, Tlaxcala, Campeche, Veracruz, and Chiapas registered 39,048 jobs. Nuevo Leon registered 47,540 new formal jobs, the highest among all the states. 

According to the Ministry of Economy of Nuevo Leon, 40% of the jobs generated were created by manufacturing, 32% by the service sector and 13% by construction. Furthermore, the state drew the highest amount of Foreign Direct Investment (FDI): US$4.39 billion, just behind Mexico City. 

Monica French, Head of New Business Hispanic America, Linkedin, told MBN that “According to a study conducted by the Economic Research and Teaching Center (CIDE), it is estimated that nearshoring will generate close to 150,000 jobs in the technology sector alone in Mexico. According to our LinkedIn 2023 Jobs on the Rise report for Mexico, the top roles that coincide with manufacturing are Site Reliability Engineer, Data Engineer, JavaScript Developer, Cloud Engineer and Logistics Specialist. Taking an even bigger step back, Mexico will need to generate by 2025 an estimated 5 million professionals in STEM (Science, Technology, Engineering, and Mathematics), to meet the pace of demand.