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Whitepaper: Mexico: A New Hub for Electronics Manufacturing
Thanks to competitive production costs, good logistical access, a skilled and deep talent pool and state-of-the-art technology, electronics manufacturing in Mexicohas elevated the country to being the second-largest electronics exporter to the U.S.
Less obvious is the fact that the large OEMs producing in Mexico face a shortage of trusted, proven, in-country suppliers. Overall, Mexican exports to the US are comprised of 40% American content or know-how, compared with just 4% for Chinese exports.
Our whitepaper “Mexico: A New Hub for Electronics Manufacturing,” explores how the strengths of Mexico’s electronics manufacturing sector can translate to growth opportunities for your company. Download our whitepaper and learn about Mexico’s advantages:
- Key Market: Mexico exports over $71 Billion of electronics products per year, over 85% of which goes to the U.S.
- Major Presence: Nine of the world’s ten leading electronics companies produce in Mexico
- Competitive: Mexico boasts the lowest production costs in the Americas for manufacturing of electronics components and equipment
Download our whitepaper “Mexico: A New Hub for Electronics Manufacturing,” to learn how the strengths of Mexico’s electronics manufacturing sector can translate to growth opportunities for your company.
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More from the Whitepaper
Thirty percent of the electronics that Mexico produces are consumer electronics, such as flat-screen TVs, computers, smartphones and appliances. Electronics manufacturing in Mexico, however, also includes circuit boards, LCD panels and communication equipment.
In a competitive global market, finding ways to manage ever-rising costs is essential to corporate success. For electronics manufacturing in Mexico, the country offersmany advantages. According to KPMG’s Competitive Alternatives 2016 report, Mexico has the world’s lowest business costs. Compared to the U.S., Mexico offers an 11.9% savings on the costs of manufacturing electronics equipment and components.
Mexico’s workforce is another advantage. According to the National Association of Universities and Institutions of Higher Education, in 2012, Mexican universities graduated 101,700 engineering and technology students. Today, KPMG places that number closer to 114,000 annually. This is good news for the electronics industry as this talent pool is fundamental to supporting the growth of electronics manufacturing in Mexico.