"The high raw material prices create a two-sided situation whereby some economies are helped by the high prices, while some sectors suffer due to heightened costs."
"Across the region, the old model of flying in expats to do the technical job combined with a few locals doing the rest of the work on the ground has to change and has started to change."
In August 2023, Mexican exports to the US surpassed China for the first time. As companies prioritize securing supply their chains after years of logistics challenges, Mexico has begun to see major benefits. With a spate of new infrastructure projects such as the Interoceanic Corridor of the Isthmus of Tehuantepec coming online in 2023, the country is actively opening itself to investment. The chemical industry, in particular, is positioned for nearshoring-driven growth.