NEARSHORING: THE EFFECT THE MACHINERY INDUSTRY NEEDED

Mexico expects to sell 7.1 billion dollars. The benefits that are expected to spill over Nearshoring and the arrival of foreign capital to the country is beginning to be reflected; however, experts mention that it will take at least 3 or 5 years to see the benefit effectively reflected in the territory's economy.

Mexico has become a magnet in the Nearshoring, thanks to its strategic location, the large number of trade agreements, skilled labor and natural resources, the country has great potential to attract investment and expand its market.

The tools and machinery sector is an important component in economic terms in the region. Currently, Mexico is the eighth consumer of machines and tools worldwide. During 2022, this sector grew by more than 10%, and this 2023 is expected to exceed that growth.

The Nearshoring It is not the only factor that has benefited from the increase in demand in the sector, the manufacture of electric vehicles, the increase in technology and care for the environment have also driven this benefit. Carlos Montera, director of the Manufacturing Technology Association, assures that sales have already skyrocketed by 13% and that during 2023 there will be about 7.1 billion dollars in the consumption of tools and machinery for the manufacturing industry in Mexico.

The arrival of transnational companies forces us to concentrate efforts on the development of the sector, since both transnational companies and SMEs, on average, buy a machine every one, three, or five years, depending on the sector.

The challenge for companies dedicated to the manufacture of tools and machinery does not end with meeting the growing demand for sales, a large part of the market and the operations of these companies are focused on machine maintenance and customer service. Highly qualified personnel are required to provide the necessary support and maintenance of the machines, in order to extend their useful life.

At the national level, the states that acquire and use the most machinery in the country are Nuevo León, Querétaro, Coahuila, San Luis Potosí, Tamaulipas, Jalisco, Guanajuato and the State of Mexico. Turning to international terms, Germany has distinguished itself for years by satisfying much of the world's demand for machinery and tools; however, it has seen the growth of the Asian power, China, in the sector. In Latin America, Mexico accounts for 58% of machine tool consumption.

Aligned with the United Nations initiative and its 17 objectives for Sustainable Development, companies are forced to continue innovating and investing in technology that improves their production processes in favor of environmental care. The certification of these processes and the increase in technological tools have been part of the growth in consumption of the machinery industry in Mexico.

Mexico has the potential to seize the opportunities that are being presented to it and it is time for all possible sectors to benefit from the relocation of international companies in our territory.

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