The Mexican government is facing several challenges currently, and everything indicates that the situation will worsen in March. The imposition of tariffs on Mexican products and the inclusion of drug trafficking groups on the terrorist list are topics that have raised alarms in the business and financial sectors.
In the financial realm, companies working with the energy and pharmaceutical sectors are demanding outstanding payments. Despite promises from the Federal Government to settle its debts with suppliers, the money is not arriving, and the secretariats are accumulating debts that threaten the continuity of many businesses.
Regarding the pharmaceutical sector, Deputy Secretary of Health Eduardo Clark has initiated working groups with industry representatives to resolve the government’s debts. The lack of payment is affecting the investment capacity of laboratories to meet the production of medications, both for the government and the private sector.
On another front, the Banking Convention to be held in May in Puerto Vallarta will feature new sponsors, such as Kapital Bank and Bankaool, seeking greater prominence in the annual banking event. Strategies for payment with laboratories are also being discussed to avoid shortages and financial crises in the pharmaceutical sector.
In the automotive sector, the electric vehicle industry poses challenges for companies like Nemak. Despite successful negotiations, the slow adoption of electric vehicles and potential tariffs in the United States present challenges. However, the company is confident in its ability to face the complex automotive landscape.
On the other hand, the Mexican Association of Civil Engineering (AMIVTAC) has appointed Juan José Orozco y Orozco as the new president, with the mission to strengthen the sector, promote innovation, and consolidate AMIVTAC as a leader in civil engineering in Mexico. His management will focus on professionalization, innovation, and sustainability of the sector.
