Mexico & Latin America:
A robust supply chain
region
Mexico and Latin American talent pools and manufacturers make it an attractive procurement destination.
Glovendor's journey so far
Glovendor’s Mexico & Latin America Procurement Network
Top Destinations
Mexico
Japan
Panama
Colombia
Costa Rica
Brazil
Nicaragua
Argentina
Overview
The manufacturing sector in Latin American and the Caribbean added 878.37 billion U.S. dollars to the region’s gross domestic product (GDP) in 2021, of which the Mexican manufacturing sector had contributed with 210.33 billion U.S. dollars. Brazil came in second, with a contribution of 186.46 billion dollars of added value to the country’s GDP.
Trends
With the rising political tensions with China, Mexico is becoming a popular choice for many US brands for manufacturing or assembly.
Latin America’s engineering talent pool continues to get bigger and better.
Benefits
Low labor costs
Top engineering talent
Close proximity to the US saving shipping costs and time for brands in the US market
Many free trade agreements
Risks
- Instability due to potential violence
- Limited products that can be manufactured with the same cost advantages as Asia
Top Products
Consumer Goods
Medical
Oil & Gas
Automobiles
Electronics
Food & Beverage
Textiles
Verdict
Mexico and Latin America can be a solid manufacturing destination for you if you ship your goods to the US and you are in the industries where this region excels like food & beverage, medical devices, and electronics.
Blogs
What to manufacture in Mexico?
