The devaluation of the Mexican peso over the past two years has been rather extreme. Two years ago, one U.S. dollar was worth about 13.5 pesos, and today it’s worth about 18. As a result of this severe drop in value, U.S. goods have become very expensive for Mexicans, and Mexican goods have become cheap […]

When the North American Free Trade Agreement (NAFTA) was implemented in 1994, it removed trade barriers between the United States, Mexico and Canada, and encouraged economic activity among the partnering countries. NAFTA created the world’s largest free trade area, and trade between the partners soared after the agreement came into effect. NAFTA now links 450 […]

While Asia remains the Mecca for low-priced goods, many companies are discovering the hidden costs and risks associated with offshore manufacturing. Volatile shipping rates and capacity, uncertain forecasts, limited alternatives and overall speed-to-market needs have businesses looking for viable alternatives. Many are turning no further than our neighbor to the south – Mexico. Rising Costs, […]