The Nearshoring News: BETA
News headlines & links from the Mexican business news stories that nearshoring managers need to know.
International decision-makers struggle to get actionable business intelligence about Mexican business issues that matter to them.
This is a BETA version of a news ticker I've been working on. There's a lot of AI in this, so take care. I tried to fact-check, but let's consider this more of a "test of concept"
What follows is a beta test. Message or thumbs-up if you want to see more of this kind of thing. Comment with valuable sources I should be including:
1. General Business News in Mexico:
Mexico's Trade Dominance
Headline: Mexico beats Canada and China again as top US trade partner
Source: Mexiconewsdaily.com
Summary: Mexico outperforms Canada and China to become the top U.S. trade partner, with a 15.5% share of the export market to the U.S. in the first nine months of 2023.
New Fortress Delays Mexico's LNG Plant
Headline: New Fortress delays start of Mexico's first LNG plant to December
Source: Reuters.com
Summary: Delay of Mexico's first LNG plant by New Fortress until December, alongside a $2 billion Costa Azul LNG export plant being built by Sempra Energy.
Bobcat's New Production Facility in Mexico
Headline: Bobcat announces new production facility in Mexico
Source: Wctrib.com
Summary: Doosan Bobcat announces a new production facility in Mexico following a $26 million expansion of its Litchfield plant in 2021.
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2. Tesla-Related News in Mexico:
Tesla's Investment in Nuevo León
Headline: Tesla’s Arrival in Nuevo León: Infrastructure and Investment Implications
Source: Bnn.network
Summary: Tesla announces new plant in Santa Catarina, Nuevo León with an investment between $5,000 and $10,000 million, expected to be the world's largest of its kind.
Tesla's Expansion in South America
Headline: Tesla to roll into South America with first steps in Chile
Source: Reuters.com
Date: Nov 09, 2023
Summary: Tesla looks to expand into South America by setting up a new operation in Chile.
Delays in Tesla's Giga Mexico Plans
Headline: Giga Texas is In, Giga Mexico Out As Tesla Quietly Starts
Source: Torquenews.com
Date: Nov 08, 2023
Summary: Rumors suggest Tesla has postponed its Giga Mexico plans, focusing on Giga Texas instead.
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3. China-Related News in Mexico:
Mexico's Trade Position Against China
Headline: Mexico beats Canada and China again as top US trade partner
Source: Mexiconewsdaily.com
Summary: Mexico surpasses both Canada and China as the leading trade partner of the U.S.
Ganfeng Lithium's Postponed Project
Headline: Exclusive-China's Ganfeng indefinitely postpones Mexican lithium target
Source: Channelnewsasia.com
Date: Nov 09, 2023
Summary: Ganfeng Lithium, a Chinese company, indefinitely postpones its Mexican lithium project following government opposition.
Chinese Investment in Northern Mexico
Headline: Chinese firms to invest nearly $1 bln in northern Mexico
Source: Reuters.com
Summary: Chinese firms, including a Tesla supplier, plan to invest nearly a billion dollars in Nuevo Leon, where Tesla is planning a new factory.
Lingong's $5 Billion Investment
Headline: China's Lingong Mexico plant to generate $5 billion in investment
Source: Reuters.com
Date: Oct 16
Summary: China's Lingong Machinery Group to establish an industrial park in Nuevo Leon, expected to generate $5 billion in investment.
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4. Nearshoring-Related News in Mexico:
Mexico's Nearshoring Boom
Headline: Mexico’s Nearshoring Boom Generates Expectation, Optimism
Source: Bloomberglinea.com
Summary: Mexico is emerging as a key player in the nearshoring trend, with government and private sector initiatives to relocate companies and their production processes.
Moody's Upgraded Forecast
Headline: Moody's sees more growth in Mexico's economy than previously forecast
Source: Yahoo Finance
Summary: Moody's revises its growth forecasts for Mexico's economy upwards, driven by the consolidation of nearshoring activities.
Economic Impact of Nearshoring
Headline: Nearshoring: Global Economic Outlook & Emerging Opportunities
Source: Tijuanaedc.org
Summary: The US-Mexico border area, with $815 billion in manufacturing output and 58,000 companies, plays a significant role in regional development due to nearshoring.
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I help front-line decision-makers profit from Globalism2.0.
1 年I've just come out with a Mexican Tech news ticker. Take a look: https://www.dhirubhai.net/posts/andrewhupert_tech-sector-news-from-mexico-im-continuing-activity-7129524418032123904-exrC?utm_source=share&utm_medium=member_desktop . (And no - we will not be using the name "Techs Mex"
Something New | ex Octopart, Chartable founder
1 年Nice resource Andrew!