As the coronavirus pandemic continues and the July 1 start date for the United States-Mexico-Canada Agreement (USMCA) nears, logistics experts weighed in on how to strategize for the future during a recent webinar.
“The Impacts of COVID-19 on the United States, Mexico, and Canada Cross-border movements” webinar was presented by the Transportation Intermediaries Association on Thursday, with presenters from the U.S. and Mexico.
Jessie Essman, chief operating officer for Chicago-based Forager, said Mexico’s location next door to the U.S. makes it attractive as a growing trade partner.
“For some time now supply chains have been reevaluating the concept of nearshoring versus offshoring. Wages are rising in China, and we’ve seen that offshoring can really lead to supply chain inflexibility,” Essman said.
Unlike China, there are also no current tariffs hampering U.S.-Mexico trade, Essman said.
Noi Mahoney. (2020). Trade with Mexico could be key as US emerges from coronavirus. USA. FREIGHT WAVES. Recuperado de https://www.freightwaves.com/news/trade-with-mexico-could-be-key-as-us-emerges-from-coronavirus
