S'pore firms eye Mexico as production base for US market
Benefits include easier access to customers, lower costs, but its govt policies raise concern
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Sofia Hanna Romero For The Straits Times
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, and reduced duties and logistics costs, especially in shipping, which have skyrocketed after the Covid-19 pandemic disrupted global supply chains.
