According to the World Economic Forum Global Competitiveness Report, Mexico has advanced 23 spots in the rankings in the area of business sophistication in the last two years.
The World Economic Forum defines business sophistication as two elements - the quality of a country’s overall business networks and the quality of individual firms’ operations and strategies. The quality of a country’s business networks and supporting industries, as measured by the quantity and quality of local suppliers and the extent of their interaction, is important for a variety of reasons.
The World Economic Forum pays close attention to clusters – companies and suppliers from a particular sector that are interconnected in geographically proximate groups. In these clusters, efficiency is heightened, greater opportunities for innovation in processes and products are created, and barriers to entry for new firms are reduced. In Mexico, clusters in the fields of aerospace and automotive manufacturing have contributed greatly to Mexico’s climate of business sophistication.
In the following video, some of the top CEO's in North America take time to discuss the opportunities for manufacturing in Mexico. Overall the advancements in aerospace and automotive technologies have positioned Mexico's manufacturing sector as one of the best in the world. Also, according to Louise Goeser, Mexico is one of the least expensive countries to do business, making Mexico an investors’ paradise.
No comments:
Post a Comment