• Mexico has been at the forefront of supply chain reshoring since the enactment of the North American Free Trade Agreement (NAFTA) in 1994. The electrification of the automotive industry, rivalry between the US and mainland China and post-pandemic resilience investments raise the question as to whether Mexico can maintain its leadership.
• Existing trade is dominated by automotive manufacturing, which represented 30% of exports to the US in the past 12 months. While two automakers have announced new investments, Mexico faces competition from the US for incremental investment. Mexi...