Mexico’s Economic Future: Nearshoring Opportunities and Remittance Declines

In this episode, we discuss Mexico's potential to capitalize on nearshoring as a strategy to boost its economy, with insights from COFOCE's director on the need to transition from assembly to high-value supply chains. We also analyze the recent decline in remittances, marking the worst September since 2012, and explore the implications of this trend on purchasing power and economic stability. Join us for a comprehensive look at the challenges and opportunities facing Mexico in the global economic landscape.

Sources:
https://t21.com.mx/mexico-debe-capitalizar-el-nearshoring-para-impulsar-su-economia-cofoce/
https://www.elfinanciero.com.mx/economia/2024/11/01/envio-de-remesas-a-mexico-tiene-su-peor-desempeno-en-mas-de-12-anos/

Outline:
(00:00:00) Introduction
(00:00:41) Mexico must capitalize the nearshoring to boost its economy: COFOCE
(00:02:48) Remittance boom fades in Mexico: worst September since 2012