“Some countries are more advanced than others when it comes to understanding the product and implementing sustainability policies. Indeed, there is not a single answer to this problem. Banning single-use plastics is one thing, but the problem is not the product – it is how you deal with it at the end of the life cycle, which applies not just to plastic, but also to any high volume product.”
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.