Insecurity in Mexico, combined with inadequate infrastructure, could negatively impact the relocation of companies or 'nearshoring' in the country, warned John Alvarado, Director of Strategy and Corporate Development at Grupo Lamosa. Alvarado emphasized that the insecurity situation in several Mexican regions may limit existing company investments and the arrival of new foreign companies.
During the conference 'Effects of Nearshoring in Mexico', Alvarado mentioned that although Mexico is geographically close to the United States, which provides trade advantages, there are still major challenges for Claudia Sheinbaum's government. In this sense, uncertainty and conflict in the country may cause companies to hesitate to send personnel or relocate their offices to Mexico.
The specialist also pointed out that problems in infrastructure, such as roads, water supply, and energy, represent a significant obstacle. In this regard, he indicated that Mexico has invested less than recommended by the OECD in infrastructure in recent years, which could be detrimental to attracting foreign investment and promoting 'nearshoring'.
According to Alvarado, a Canacintra study revealed that 40% of missed opportunities in 'nearshoring' are due to delays in electrical infrastructure. He highlighted that this phenomenon of company relocation has intensified due to factors such as climate change, geopolitical conflicts, and the internal economic conditions of some countries.
The conference in which Alvarado participated was organized by the Mexican Institute of Finance Executives (IMEF) in Nuevo León and also featured the presence of other sector experts. In a recent announcement, the President of Mexico, Claudia Sheinbaum, communicated the implementation of tax incentives of up to 30 billion pesos to promote 'nearshoring' in the country.
