Can Mexico Be the Next Hub for US Manufacturing?
Mexico became the top importer to the US in 2023, surpassing China for the first time. Can Mexican President-Elect Claudia Sheinbaum deliver on her goals of building 100 industrial parks and making the country more attractive to manufacturers? Join Steve Odland and guest Erin McLaughlin, Senior Economist at The Conference Board ESF Center, to find out about Sheinbaum’s pro-worker approach to economic development, the opportunities and risks for US manufacturers, and how the CHIPS Act might benefit Mexico. (00:21) Mexico's New Infrastructure Focus (00:54) Claudia Scheinbaum's Vision (01:27) Economic Implications of Reshoring (03:36) USMCA and Trade Benefits (04:42) Reshoring Trends and Challenges (08:59) Risks and Considerations for Companies (11:59) Smart Manufacturing and Technology (24:08) Industrial Parks and Future Growth For more from The Conference Board: Mexico Prioritizes Industrial Parks, Infrastructure to Attract Manufacturing LEI for Mexico Dropped Sharply in June Policy Backgrounder: Mexico’s Election