About the Course:

Mexico has overtaken China as the #1 source of imports to the US, and the trend is set to accelerate over the next 20 years. Geopolitics and the US-China trade war have changed Mexico’s role in the North American economy, and there is now a once-in-a-generation opportunity for managers who know how to take advantage of it. 

Module 1: Introduction to Nearshoring and the Benefits of Mexico 

• What is “nearshoring”? Explore the concept of nearshoring and its advantages over traditional offshoring.
• The Mexican value proposition: Location, USMCA trade rules, and strong institutional relationships explain Mexico’s success as a nearshoring destination.
• Mexico’s business environment.

Module 2: The 3-Step Mexican Manufacturing Model 

• Step 1: Import under IMMEX (Maquiladora Industry Modernization Program):
• • What is the IMMEX program, and what are its benefits (duty-free temporary import of materials for processing and export)?
  • The mechanic of IMMEX programs (manufacturing services, shelter programs).
  • The players, regulations, and institutions driving IMMEX.
• Step 2: Utilizing Mexico's Shelter Program to register your Mexican business.
• • Define shelter companies and their role in facilitating IMMEX operations.
  • Explain the advantages of using a shelter (reduced administrative burden, legal expertise).
  • Highlight key considerations when selecting a shelter provider (experience, reputation).
  • Shelter vs. Greenfielding.
• Step 3: Exporting to the US under USMCA (United States-Mexico-Canada Agreement):
• • Discuss the USMCA's benefits for nearshoring to Mexico (duty-free access to the US market, origin rules).
  • Explain the process of complying with USMCA requirements for duty-free exports.
  • Explore potential challenges and solutions related to customs regulations.

Module 3: The Future of the North American Trade Bloc

• Mexico’s post-nearshoring economy. What does the future hold for Mexico?
• The main stakeholders
• What about China?
• What about entrepreneurs?
• The new JV: US-Mexican hybrids. 

Course Objective:

• Participants will leave this course with the tools and knowledge to take the lead in nearshoring decisions. They will understand the opportunities and risks involved in developing a winning North American strategic plan.  

Who is the Target Audience?

• Managers & business students. Appropriate for professional development.

Basic Knowledge:

• Basic business familiarity