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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20%

Reduction in energy consumption with energy management systems

Energy consumption has been reduced by 20%, driven by real-time monitoring and optimization provided by Energy Management Systems (EMS) and the use of predictive analytics to prevent inefficiencies.

50%

Increase in material reuse with circular economy practices

Material reuse rates have increased by 50%, driven by circular economy practices, such as reusing materials like office furniture, which reduces environmental impact and enhances cost efficiency.

40%

Cost reduction achieved through automation

Manufacturing companies have achieved a 40% reduction in costs by implementing automation technologies. This improvement is driven by optimizing production processes, reducing manual errors, and utilizing real-time monitoring to streamline operations and boost overall efficiency.

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.

20%

Reduction in energy consumption with energy management systems

Energy consumption has been reduced by 20%, driven by real-time monitoring and optimization provided by Energy Management Systems (EMS) and the use of predictive analytics to prevent inefficiencies.

50%

Increase in material reuse with circular economy practices

Material reuse rates have increased by 50%, driven by circular economy practices, such as reusing materials like office furniture, which reduces environmental impact and enhances cost efficiency.

40%

Cost reduction achieved through automation

Manufacturing companies have achieved a 40% reduction in costs by implementing automation technologies. This improvement is driven by optimizing production processes, reducing manual errors, and utilizing real-time monitoring to streamline operations and boost overall efficiency.

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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