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Singapore companies look to Mexico as nearshoring gains ground
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Racer Technology Medica founder and CEO Willy Koh joined a business mission to explore opportunities in Mexico earlier this month.
PHOTO: ST FILE
Sofia Hanna Romero For The Straits Times
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MEXICO CITY - Persistent geopolitical tensions and supply chain uncertainties are prompting some Singapore manufacturers to consider setting up operations in Mexico to produce items for the United States market.
A Mexican base would mean easier access to North American customers, reduced duties and logistics costs, especially in shipping, which have skyrocketed after the Covid-19 pandemic disrupted global supply chains.
