Posts tagged "Mexico"

Factory Audits during Travel Restrictions (2 out of 4)

As we discussed in our previous article, the first stage of an international purchasing project is to have a supplier that manufactures your products at competitive prices, in the expected times and under the desired quality standards. That is why it becomes essential to perform an efficient sourcing of supplier considering the travel restrictions we are living in today. Once you have had communication with the potential supplier and have obtained information on prices, delivery times and min...

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THE GROWING IMPORTANCE OF MEXICO’S SUPPLY CHAIN

Mexico’s growing importance in the continental supply chain is now being recognized by North American transportation groups. In the latest research, it is said that Mexican ports led the growth in import volume, with a 9.2 percent year-over-year increase—outperforming overall North American inbound growth of 6.4 percent.   The Main Causes Lately, China has been facing the rising wages and logistics costs. This leads a growing number of U.S. manufacturers to reshore or nearshore ope...

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ASIA & LATIN AMERICA ECONOMY RELATION

The economy relation between the Asian countries and Latin America countries lately have been going strong, especially with China. So many agreements have been made to ease the trade between this countries. Now, let's find out more about the facts and what potentials that we have with this Asia and Latin America economy relation. What Can Asia Do to Boost Latin America's Economic? There are so many deals and investments going on between Latin America countries and Asian countries, particularly...

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CHINA INNOVATION ASSESSMENT

Good morning from China! Hope you guys all have a great day, despite all the economy hot mess. When talking about China,  some people think that China only manufactures and copies things from others, and when will the innovation take place? Lately, there was an interview talking about the assessment of China innovation done by The Wall Street Journal. Chief of Flex, Mike McNamara and GGV Capital managing partner, Jenny Lee were the interviewees. They have different opinion  about this critic...

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The Business guide for Mexico

1. Mexico In A Nutshell Capital City: Mexico City Population: 120,286,655 (estimate 2014 The World Factbook) Language: Spanish, however many people in the international business community are bilingual in both Spanish and English. GDP 2013: USD $1.845 Trillion Unemployment Rate 2013: 5.08% Inflation: 4.3% Currency: Mexican Peso Time Zone: Most of Mexico is CST/GMT-6 (Central Standard Time), however far western states use MST/GMT-7 (Mountain Standard Time) and PST/GMT-8 (Pacific...

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Top 5 Sourcing Countries

Low Cost Sourcing Destination Options Global sourcing is one of the fastest growing trends in supply-chain management. The convergence of globalization, technology, and business strategy influences global companies’ supply chains, providing them with several options for sourcing suppliers, exporters, and traders in their respective industries.   Aside from products, global sourcing solutions also tap the services and skills being offered by different countries. One of the core reasons ...

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Things To Know About The TPP

The three-year-old Trans-Pacific Partnership talks, now involving 12 nations, are aimed at lowering trade barriers across a wide range of sectors in 12 Pacific Rim counties that would stretch from U.S. to New Zealand and from Japan to Chile. TPP, arguably the most important trade agreement in a generation, emerged following nearly a decade of disappointment in trade talks. The World Trade Organization’s Doha Development Round of talks first collapsed in 2003 and effectively died with th...

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Mexico Woos Chinese Tourists

Hundreds of thousands of Chinese tourists visit the United States each year, but fewer than 50,000 went to its southern neighbour Mexico last year. But Mexico's looking to change that.   Its tourism secretary Claudia Ruiz Massieu has been visiting Hong Kong and the mainland to woo Chinese investors and tourists.   She said that last year Mexico saw about 1,500 Hong Kong visitors and around 47,000 from the mainland. "We're looking to grow those flows" she added at the start ...

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