The presidents of CMN, CCE and Comce, three Mexican business organizations, presented their visions of nearshoring on Tuesday at the inauguration of the 29th Mexican Foreign Trade Congress in Mexico City. Rolando Vega, president of CMN, said it is clear that the nearshoring phenomenon is attracting important investments
As of December 31, 2022, there were 217 OXXO stores in the Campinas and São Paulo areas. Also at the end of 2022, Grupo Nós had 1,213 franchised Shell Select stores and 38 self-operated stores through Raizen’s network of service stations. Grupo Nós, an alliance between the Mexican
Americans buying services from each other has been the largest component of U.S. Gross Domestic Product (GDP) since the first quarter of 1970, when spending on services surpassed spending on goods for the first time, according to Saratoga Advantage Trust. Currently, services spending growth has been positive for
China and the United States led exports of intermediate goods in the second quarter of 2023, according to data from the World Trade Organization (WTO). While Chinese external sales were $344 billion in those three months, a year-on-year decline of 9 percent, corresponding U.S. sales totaled $195 billion,
Multiple banking in Mexico attracted 6.001 billion dollars of Foreign Direct Investment (FDI) in the first three quarters of 2023. According to data from the Ministry of Economy, multiple banking attracted 6,968 million dollars in Mexico during the first quarter of the current year. Then there was a
Mercado Libre reported that its performance in its Mexico Retail business continues to excel, and believes its Q3 2023 results show how well positioned the company is to take advantage of the country’s long-term growth potential. Gross merchandise volume (GMV) growth was 34% year-over-year on a rate-neutral basis,