It is no secret that the auto industry is a large and profitable one, with the largest players enjoying millions of dollars in turnover every year. While the cars that get manufactured make up a significant portion of the market, there is another niche that is equally as important - if not more so. In many ways, automotive suppliers are the ones with the true power - without them, the amazingly profitable vehicles simply would not exist.
Whether you are part of the aerospace industry or manufacturing luxury cars, there are two main priorities to consider when it comes to running and operating a successful business: minimizing your costs and maximizing your potential profits.
We live in a world that is growing smaller by the day. The rise of technology has brought us all closer than ever, and it is now possible to connect with someone on the other side of the globe with the simple touch of a button.
Mexico is an ideal location for manufacturing because of its cost-effective operational costs, rapid delivery lead times, and open trade agreements with much of the world. Electronics manufacturing in Mexico also benefits from a well-established supply chain across a number of subsectors. In fact, Mexico is the 8th largest electronics producer worldwide and growing. Many companies have decided to set up electronics manufacturing facilities in Mexico to leverage the infrastructure and connections already in place to support this in-demand sector.
You only have to turn on the news, pick up a newspaper, or have a basic grasp of world economics to understand the importance of imports and exports. It is no exaggeration to say that these can make or break the wealth and economic fortune of a country.
