Supply Chain Research

The Mexican government is expanding its post-pandemic stimulus package to include nine new power plants worth as much as $11.1 billion. A sign in the prior slowdown in infrastructure spending can be seen in the 11.6% year over year slide in Mexican imports of power generation equipment, ex renewables, in the 12 months to Oct. 31. Imports from the U.S. represented 63.8% of the total and those from the EU accounted for 25.0%, raising the prospect that spending by state-owned utility CFE may carry a geopolitical component. The past year has seen imports of gas turbines worth $115 million by...