Global Business Reports


Mungo Smith, Mariolga Guyon, Natalia Preciado, Maeve Flaherty, Esteban Camarena, Carola Gómez

Mexico Chemicals 2023

April 05, 2023

Over the first 10 months of 2022, Mexico exported 20% more products to the United States than it did during the same period the year before. The global trend towards regionalization is lifting the entire Mexican industrial sector, but for the chemical industry in particular, 2022 was a year of nearshoring-driven growth. 

The persistent shortage of raw materials that constrained the industry over the past several years, however, remains a challenge. Feedstock insufficiencies were exacerbated by continuing logistics challenges and burdensome government regulation. The proposed electricity reform, which will raise energy costs, and reform to the General Health Law, which will ban vital crop protection chemicals, remain an ongoing threat.  

The trend observed across the industry has been a focus on ensuring adaptability and flexibility through strengthened processes. Companies invested in the incorporation of digital technologies, the regionalization and diversification of supply chains, and investment in improved energy efficiency and resource management. 2022 was a year of transition, during which companies all along the industry value chain implemented new systems in response to the difficult lessons of the previous two years. The Mexican chemical industry of 2023 is technologically advanced and operates in a progressively more sustainable manner. After the intensive investment in operational agility implemented over the past year, the Mexican chemical industry is prepared to jump upon the new investment that will continue to flow into Mexico as nearshoring gains momentum.


Haldor Topsoe discusses the potential for energy transition in Latin America.
The Mexican Union of Agrochemicals Manufacturers and Formulators (UMFFAAC) describes the main themes impacting its members.
Cristian García of PROCCYT explains the dynamics influencing Mexico’s crop protecting sector.
FMC discusses the rise of sustainable products which have minimal residues on crops.


United States Life Sciences 2023

In many ways, 2022 was a turning point for the US life sciences industry. After having provided a lightning-quick response to the Covid-19 pandemic, the industry gathered the lessons learned and sought a sense of normalcy to continue developing necessary drugs for patients worldwide. Yet, the geopolitical, macroeconomic, and regulatory environments all come with their set of challenges, forcing executives into increasingly complex decisions when defining their strategies.



"With mining companies currently enjoying high prices, exceptional production performance and robust supply chains, we anticipate that the sector will continue showing resilience and growth, remaining financially sound in 2023."