#NextLevelWebinar: Out of Asia - Chinese Supply Chain Disruptions And Renearshoring Your Manufacturing To Mexico In The Age Of COVID
Adam Carswell brings on special guest John Hyatt, International Business Consultant at Mexico Business Associates. John shares why businesses are re-nearshoring (outsourcing operations) manufacturing supply chains to Mexico during COVID-19, especially with the trend of reducing the dependence on China’s supply chain operations.
In this episode, John talks about:
- Benefits of setting up manufacturing supply chain in Mexico
- Reasons why firms are moving distribution to Mexico from China
- Differences between manufacturing in Mexico versus China
- Mexico’s sourcing “process” for manufacturing supply chain
Adam would like to give a huge thanks to John for coming on the Dream Chasers platform and sharing his expertise in marketing and international distribution.
Contact John Hyatt:
https://www.linkedin.com/in/johnthyatt/
john.hyatt@mexicobusinessassociates.com
Timestamped Shownotes:
00:15 — Host Adam Carswell introduces special guest John Hyatt, Global Business Consultant Mexico Business Associates
08:00 — What does it mean to “get out of Asia” and why is this the current trend?
09:55 — Why were companies initially attracted to China’s manufacturing supply chain?
11:04 — What three factors turned Chinese manufacturing unattractive and inconvenient over the last few years?
14:43 — Why are lead times so important for manufacturing in another country?
16:17 — Why are Americans trying to reduce our overdependence on China?
18:00 — What are Mexico’s sourcing strengths for manufacturing supply chains?
22:40 — What are the main differences between manufacturing supply chains in Mexico versus China?
27:08 — What is Mexico’s supply chain sourcing “process”?
29:05 — Why is supplier development so crucial in Mexico?
34:57 — Why do businesses have to create competition between Mexican suppliers?
40:42 — What regions of Mexico are receiving the most manufacturing plants re-nearshoring there?
45:25 — What industrial applications for companies in the small to mid-size range who are interested in nearshoring does John recommend?
42:28 — What are Mexican companies’ product development and engineering capabilities?
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