INDUSTRY REPORTS CREATED BY SID

Manufacturing and Distribution

The nearshoring phenomenon is playing a key role for manufacturing companies in the U.S. to get access to cheaper labor and substantial tax advantages. As of 2023, the manufacturing industry in Mexico is estimated to be valued at approximately $314.70 billion, reflecting a substantial 15.01% increase from 2021.

This growth trajectory is expected to continue, with projections indicating a significant boost in manufacturing exports to the United States

INDUSTRY REPORTS CREATED BY SID

Manufacturing and Distribution

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60%

Of all manufacturing companies in North American have automations plans in place

See how automation is being implemented across multiple companies and what are they key points that need to be addressed so that your company can reap the benefits of automation.

30%

Decrease in costs with nearshoring:

Learn how to effectively develop a nearshoring strategy for your company to boost profits while maintaining your manufacturing standards.

24%

CAGR for the drone distribution industry

Thanks to technological advancements, using drones to distribute small items is becoming increasingly popular in the U.S. This innovation could be a crucial factor in determining which companies will remain competitive in the coming years.

INDUSTRY REPORTS CREATED BY SID

Manufacturing and Distribution

C-level executive at a auto parts manufacturing company

When we’re interested in learning more about manufacturing activity overseas, we use Sid’s reports to inform our decisions on a regular basis.

INDUSTRY REPORTS CREATED BY SID

Manufacturing and Distribution

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