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Mexico City returned to red last month on the epidemiological traffic light system, indicating saturation of hospital beds and the highest degree of restrictions on business activity and movement. The rate of increase in cases of COVID-19 is uneven across the country’s 32 states however overall the spread of the virus continues to increase rather than to decrease. Despite this, many coastal tourism zones remain in operation and received a substantial number of visitors from within Mexico as well as from the United States during the year-end holiday period. Mexico has begun to receive and distribute the U.S.-developed Pfizer-BioNTech vaccine, and plans to begin importing the Chinese CanSino vaccine in January. Continue reading Slow December as restrictions tighten
Category Archives: Services
Recent and upcoming investment in Mexico
Information collected from media reports over the last month:
- Pork: U.S.-Mexican pork producer Granjas Carroll de Mexico inaugurated a large pork processing plant in the southern state of Puebla, the company reported. The US$145 million facility is equipped with eight biodigesters to produce clean energy and has processing capacity of 600 hogs per hour. (El Financiero, February 21, 2019)
- Chemicals: Netherlands-based chemicals maker Nouryon reported it will expand its manufacturing plant in the central State of Mexico. The US$17 million upgrade will allow the site to increase production of organic peroxides used in the manufacture of PVC and other plastics. (El Financiero, February 19, 2019)
- Automotive: German automotive components manufacturer Preh inaugurated a new pre-production plant in the northeastern city of Nuevo León, the company reported. The US$7.4 million facility will allow Preh to expand production capacity for products such as dashboard electronics, climate control, audio and navigation systems. (Zócalo, February 15, 2019)
- Telecommunications: Mexican telecommunications multinational América Móvil reported plans to invest approximately US$8.5 billion this year across operations. Resources will support expansion of wireless coverage, data transmission capacity and 5G technology. (El Financiero, February 14, 2019)
- Mining: UK and Mexico-based mining company Fresnillo reported investment plans totaling approximately US$1.98 billion to support operations in Mexico over the next three years. Plans include acceleration of silver and gold extraction as well as the expansion of the company’s pyrites plant in the northern state of Zacatecas. (El Financiero, February 27, 2019) Continue reading Recent and upcoming investment in Mexico
Mexican retail chains hot for omnichannel
Mexican consumers have been much slower to embrace the on-line shopping wave compared to elsewhere in North America, with low credit card penetration and fear of fraud, among other factors, holding back the e-commerce revolution. On-line shopping portals launched fairly early on in Mexico, but only recently do the major brick-and-mortar retailing chains seem to be fully embracing the wave of the future, and growth is coming fast. Mexico’s e-commerce market is among the top two in Latin America with US$17.6 billion in sales in 2016 and averaging 45% annual growth from 2010 to 2016, according to data provided by the Mexican On-Line Sales Association (AMVO). Nonetheless, e-commerce in Mexico still represents only some 2% of all retail sales, compared to nearly 10% in the United States. Recognizing the fast pace and overall potential for growth, retailers are taking measures to take advantage, and it seems like all of a sudden omnichannel marketing is all the rage. Continue reading Mexican retail chains hot for omnichannel