Page 32 - FGDP revista GoEL

Technology and innovation are areas where Mexico has significant
potential but also challenges. The adoption of advanced technologies and

investment in innovation are essential to maintaining competitiveness in

the global market. Mexico must make progress in these areas, promoting

an environment that fosters research and development, as well as the

adoption of new technologies by local and international companies. The

digitization of the supply chain and the implementation of technologies

such as artificial intelligence and the Internet of Things (IoT) are crucial

steps that Mexico must take to stay at the forefront of nearshoring.

In addition to these internal

challenges, Mexico must

also face competition from

other Latin American

countries that are seeking to

attract nearshoring

investments. Countries like

Colombia, Brazil, and Costa Rica are improving their regulatory

environments and offering incentives to attract companies looking to

relocate their operations. To maintain its leadership position, Mexico

needs to differentiate itself, not only by improving its infrastructure and

regulatory environment but also by offering tax incentives and other

benefits that make the country more attractive for investment.

In summary, Mexico is in a privileged position to take advantage of the

opportunities presented by nearshoring, thanks to its geographical

location, competitive costs, and favorable commercial framework.

However, to maintain and expand this competitive advantage, the

country must address key challenges in infrastructure, workforce training,

security, technology, and innovation. Additionally, it is essential that

Mexico maintains a stable and predictable regulatory environment that

inspires confidence in foreign investors. The renewal of the USMCA and