Search Results for: Mexico

Predictions that a post-pandemic surge in nearshoring would follow clothing brand fears about volatile supply chains have only been partly realised. Inadequate advances in automation, limited raw material supplies, lack of appropriate infrastructure and persistent high costs have limited the ability of many near-sourcing industrial hubs close to Europe and north America to grab market share from Asia.…

While the basic principle of fraud – obtaining property by deception – holds as true today as ever – one New Year resolution for anti-fraud teams should be assessing the risks posed by recent technologies such as artificial intelligence (AI). Combined with the general Covid-19-inspired shift towards online living, AI has offered fraudsters new weapons and wider targets for this year and beyond.…

Concerns about security and energy costs in Mexico could cost its clothing and textile industry a golden opportunity to seize nearshoring business in the United States, business experts are warning. This comes as Mexico manufacturers, especially those located near the American border, are looking to exploit benefits from the US-Mexico-Canada Agreement (USMCA) which was negotiated in 2018, as US trades with China continue to be impeded by tariffs.…

Cross-border drug and migrant trafficking is booming with billions of dollars being earned by crime networks, according to a United Nations Office on Drugs and Crime (UNODC) report. The report ‘Crime-related illicit financial flows: latest progress’ (1) is based on estimates of dirty money flows from nine countries – Afghanistan, Bangladesh, Colombia, Ecuador, Maldives, Mexico, Myanmar, Nepal and Peru.…

Policy initiatives aimed at reshoring large sections of the US automotive supply chain could seriously restrict the growth of the country’s electric vehicle (EV) market, a key UK motor industry conference was told on Wednesday (Oct 18). Speaking at the UK Society of Motor Manufacturers and Traders’ (SMMT) Global Trade Conference, in London, David Schwietert, chief policy officer at the Washington DC-headquartered Alliance for Automotive Innovation, aired concerns about the Biden administration’s Inflation Reduction Act’s (IRA) manufacturing incentives.…

Sales in Europe of China-built electric vehicles (EVs), such as Tesla Models 3 and Y, BMW iX3 and Renault Dacia’s Spring, could all be hit if the European Union (EU) slaps proposed countervailing duties on cheap battery electric vehicles (BEV) made in China.…

The Canadian automotive import market is becoming an increasingly important to USA-based assemblers, with USD17.2 billion’s worth of American-made cars, SUVs and light trucks sold in Canada in 2022, according to federal government figures issued from Ottawa. That is up from USD14.2 billion in 2021 and higher than pre-Covid-19 sales – USD14.6 billion in 2018 and USD13.8 billion in 2019.…

The North American automotive sector is innovating to overcome a sharp shortage in technicians repairing and maintaining vehicles for dealerships, fleets and repair shops, making training more accessible, targeting women and veterans and – in Canada – recruiting overseas talent.

In the US, the TechForce Foundation, a non-profit guiding auto techs into training and jobs, warned there were 56,214 unfilled positions across America carried over from 2021 to 2022 (1).…

Bangladesh clothing manufacturers have been looking to expand export sales beyond their established markets in the European Union (EU), the United States, Canada and the UK, seeking new revenue in non-traditional markets such as Brazil, India, Japan and South Korea.

According to data from the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), Bangladesh apparel exports for 2022 (calendar year) have sourced 16.1% of revenue from non-traditional markets – USD7.35 billion, out of overall apparel exports of USD45.7 billion.…

The world’s 600 largest companies are failing to provide full disclosure of anti-bribery and corruption information within their sustainability reporting, according to a joint report (1) backed by the International Federation of Accountants (IFAC). Working with from Transparency International UK and the World Economic Forum’s Partnering against Corruption Initiative.…