Mexico’s manufacturing might

Manufacturing wages (USD per hour)

Mexico versus China; the outsourcing battle is on. While Mexican wage inflation has been broadly flat over the past 10 years, China’s continues to rise – they are now direct rivals. Increasingly competitive as an outsourcing location, aided by its strong transport links to the US, global brands are flocking to the Central American giant. L’Oreal, Unilever, Nissan and Honda are already there; we expect plenty more to follow.

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