“Mexico offers a wide range of diverse location options to allocate industrial, R&D, technology, and business services investment projects. Having the proper data and experiential information to evaluate and qualify corporate decision drivers that push investment to one area of the other is of vital relevance.
In our experience, we have seen differences of nearly 25 percent in labor-related costs between competing Mexican cities. However, cost is only one consideration. Mexico generally provides a demographic advantage over the U.S., Canada, and Western European countries in terms of recruiting a younger workforce. However, educational participation rates at high school and university levels are lower in Mexico, which has consequences for long-term talent pipeline forecasts. On the positive side, a strong focus on industrial-related programs within the Mexican post-secondary system is reflected in the prevalence of technological institutes, technological universities, and polytechnic universities. Skill levels by occupation must be carefully assessed before choosing a new business location. Other factors must also be carefully assessed.”
Read the full article, Corporate Site Selection in Mexico: Beyond Low Cost Opportunities and Towards High Value Opportunities.
A PDF of the article is available HERE.