“Nearshoring” in Mexico is a hot topic for multinational companies considering moving business and manufacturing closer to home. COVID-19-era global supply chain disruptions and changes to the global economy are causing companies to reexamine their sourcing options and relocating to Mexico has much appeal. According to an analysis by the McKinsey Global Institute, in 2021, American investors put more money into Mexico – buying companies and financing projects – than into China.
Our team is advising on both the business opportunities and the potential challenges from an employment perspective when transferring business services and production to Mexico.
In this Quick Chat video, our Labor & Employment lawyers along with the Managing Partner for Baker McKenzie’s Mexico offices discuss key nuances of the new labor subcontracting laws in Mexico, the current labor collective environment, considerations for companies operating under an IMMEX Program, and more. Listen in for practical tips to navigate this new business horizon.
Click here to watch the video.