Royal Bank of Canada, Canada’s largest bank, reported that it expects moderate recessions in Canada and the United States in 2023. In 2022, while global inflationary pressures eased as major commodity prices and transportation costs declined from their peak levels, inflationary pressures spread across a wide range of
The Mexican federal government has increased the use of direct awarding as a criterion for awarding contracts in public bids, by amount contracted, according to information from the World Trade Organization (WTO). In a public bidding process in Mexico, contracts for goods and services are awarded according to
The Mexican maquiladora industry is comprised of entities that import raw materials and components duty-free and, in turn, export their finished products, with suppliers paying tariffs only on a value-added basis for work performed in Mexico. Initially established primarily along the U.S.-Mexico border, in-bond plants now operate in
Top eight production sites of Plexus in its fiscal year ending October 1, 2022 are: Malaysia, United States, China, Mexico, Romania, United Kingdom, Germany and Thailand. This selection considers net sales that were based on the location of the company providing the product or service. Plexus Corp. and
Global equity markets posted positive returns in November 2022. The MSCI World index rose 6.8%, while the MSCI Emerging Markets index rose 14.6%, driven by strong returns in Asian equity markets during the month. The U.S. Federal Reserve (Fed) raised its target interest rate by 75 basis points
A U.S. congressional report made a brief assessment of United States–Mexico supply chains, showing mutual benefits. Many economists credit the North American Free Trade Agreement (NAFTA) with helping U.S. manufacturing industries, especially the automotive industry, become more competitive through the development of North American supply chains. Participación de