Win market to the Chinese

Social polarization and rancor between the government and businessmen dominate the economic scene, weakening the already stressed national market…

Despite the fact that a macabre forecast hangs over the world economy, there are voices that maintain that Mexico could have a bonanza situation in the face of the new opportunities that arise from nearshoring or rezoning.

The pandemic accelerated the economic, social and political crises; in the political field, it consolidated populism in the conduct of health processes, hate speech was more convincing than reason, some emerging economies such as Turkey, Brazil and Argentina paid dearly for their daring.

In the economic sphere, the pandemic accelerated the “supply crisis” the world suddenly found itself at the mercy of large global suppliers, often Chinese, there were not enough containers to transport goods, chips for car manufacturing and vials for packaging the vaccines. Suddenly the world stopped.

Despite the complex world situation, where inflation, food and medicine shortages, as well as the economic slowdown prevail, companies from all over the world seek to bring their supply chains closer to the North American market. There is a possibility of gaining a market from the Chinese.

In this attempt not to be left out of the game, Chinese, Taiwanese and Indian companies, among others, intend to install their production or conditioning plants in Mexico.

The electronic and pharmaceutical sectors are the spearheads of this process. The global trends and the claims of the companies are clear, however the doubt corrodes, will Mexico be up to the global challenges?

It gives the impression that Mexico is preparing for an electoral carnage without looking at the international environment.

Social polarization and rancor between the government and businessmen dominate the economic scene, weakening the already stressed national market. There are no voices from the government that indicate a willingness to streamline regulatory procedures.

The insecurity that leaves businessmen at the mercy of extortion and kidnapping is a factor that worries and occupies the installation of companies.

Lastly, and no less importantly, the complexity of customs procedures, the discretionary nature and opacity of customs officials and the slowness of procedures slow down the import and export of raw materials and products.

Dear and cultured reader, the challenging world economy once again opens opportunities for Mexico, the question is: are we prepared to take advantage of it or will we dedicate ourselves as always to cheeky gossip? Until next time.

Twitter: @ErosalesA