“Tesla is not the final destination”, the supply chain must be strengthened to attract more investment: David Eaton

Monterrey, NL. Tesla is not the final destination, we must leverage this Mexican moment in North America, we must strengthen the ecosystem to attract more investment. The American Chamber of Commerce of Mexico (Amcham), works to strengthen the supply chain with Nuevo León and other northern border states, is a unique opportunity to promote the prosperity of society, said David Eaton, president of Amcham’s Monterrey chapter, during the 50th. Amcham Annual General Assembly.

“We must take advantage of the Mexican moment, in North America we want to leverage that, remember that Tesla is not the end or the means to prosperity, Tesla is not the final destination, we are working closely with the state government and along the border, more where trade between Mexico and the United States is carried out directly,” David Eaton commented to Amcham members gathered at the Safi Metropolitan hotel.

He added that the stability of Mexico is very important, “we have a stable macroeconomy, a stable political system and that creates incentives for businesses to continue coming to Mexico, the conflicts with China also continue and after the pandemic there are important challenges in the company relocation”.

He estimated that what Mexico and the United States have in common is the proximity and advantage offered by the T-MEC, for this reason they promote the cost efficiency in the supply chain between the United States and Mexico, with the same time zone, similar salaries and an infrastructure that will allow us to maintain sustainability, in addition, demographics matter.

“We have the opportunity to take advantage of Mexico’s demography, taking into account that we have 2.2 million Mexicans in the labor force who leave school every year. In fact, dual education is the way to generate formal employment.”

“You must think of a virtuous circle, you have elements to attract investment, it is the means towards prosperity, creating housing, health, sustainability. In some states they give away everything, and it is a way of missing out on opportunities, to attract investment you need to leverage Artificial Intelligence, advanced manufacturing, invest in dual education”, concluded the leader.