The National Director of MBA Programs offers a keynote address to Austrian and German businessmen and investors.

By JOSÉ ANGEL DE LA PAZ | EGADE BUSINESS SCHOOL

The challenges and opportunities of nearshoring in Mexico were addressed in a keynote address by Eric Porras, National Director of MBA Programs at EGADE Business School, during the first edition of Austria Connect in the country.

The event organized by Advantage Austria Mexico, the commercial office of the Austrian Embassy in the country, was held on September 26 at the Club de Industriales, in Mexico City.

Before investors from Austria and Germany, Porras explained the new trends in nearshoring and reconfiguration strategies for global supply chains.

Likewise, he detailed the opportunities that Mexico has in the post-pandemic situation and how foreign companies can take advantage of the competitive advantages offered by the country to integrate into the supply chains of the North American region, in light of the T-MEC.

“As a product of the post-pandemic, which has led to high global transportation costs, almost quadrupling their pre-pandemic levels, the increase in fuel prices and various disruptions and shortages of products and components, Mexico has a historic opportunity to take advantage of the moment that we are experiencing worldwide around the reconfiguration of global supply chains and the so-called nearshoring, or approach of the supply bases of said chains”, said Porras.

According to data from the IDB, he stressed, Mexico is the country that can have the greatest benefit from this phenomenon in the Latin American region, with the capacity to generate benefits of the order of 35,000 million dollars a year in exports in different sectors, such as the automotive, aerospace and electronics.