Mexico is not only macroeconomically stable, but it carries a great relationship with most nations worldwide. The country is well known for its hospitality, food and natural beauty, making it a highly attractive destination.
Furthermore, the transition the economy has undergone in recent years is indisputable, as it among the world’s leading manufacturers along with the largest exporter of both medium and high-tech goods from all G20 economies (measured as a percentage of GDP). Aerospace, automotive, electronics, information technologies, medical devices, metal mechanics, extending all the way into agro-foods, biotechnology, and creative industries are just a few examples of Mexico’s industrial strengths.
Mexico is welcoming Industry 4.0 with open arms. The digital factory in Puebla to the aerospace corridors in Querétaro, Guanajuato, Baja California, Sonora, Chihuahua and Nuevo León exemplify the innovative technologies established throughout the country. This is all part of a long-term strategy which will foster the development of an entire Industry 4.0-ecosystem with automated production facilities that will exploit economies of scale, creating both development and growth opportunities.
The new competitive paradigm is rooted in innovation, hence the need to redirect efforts towards the integration of cutting-edge international networks, the transfer of technology, intellectual property and talent management, all of which are geared strategically towards a knowledge-based economy.
Different layers of government are injecting federal, state and local budgets in entrepreneurship and technology developments via grants, loans and even direct investment into start-ups and venture capital funds, all of which are helping spark a new culture.
In summary, an increase of efficiency improvement is a prime driver of automation in Mexico. Industrial control devices are making it possible for organizations to standardize their production activities while cutting costs, reducing waste and improving safety.
30 billion USD in FDI in 2017 (45% invested in the advanced manufacturing industry)
The largest exporter of medium and high-tech manufactured goods from all G20 economies
Long-term Industry 4.0 ecosystem strategy
Annually, over 223,000 graduates from STEM careers
The 9th most attractive destination for FDI , with two-thirds going into manufacturing
21 plants from automotive OEMs – pioneers in smart factory technology
34 clusters implementing Industry 4.0 technologies and IOT solutions
3rd in the digital transformation index
Mexico will launch two more hyper flexible manufacturing clusters in 2019 and 2021
4th largest exporter of light vehicles in the world
Source: ProMÉXICO (2018)