Mexico’s new president, Claudia Sheinbaum, is promising 100 new industrial parks across the country.
Photographer: Mauricio Palos/BloombergFor Mexico’s Sheinbaum, the Race Is On to Harness Nearshoring
Judicial reforms and the US election are roiling expectations of foreign investment-fueled growth.
The pieces are in place for Mexico to take off as a manufacturing mecca. US-China tensions have opened the door for an export surge. Companies are lining up for power permits in once-barren areas. Bidding wars are breaking out for industrial space.
The country, however, is still waiting for a cascade of foreign investment to bolster its economy.