Industry – Mexico can now compete with China
Will “Made in Mexico” be on every label in the next few years? According to Boston Consulting Group, Mexico is becoming a very interesting destination for companies who want a cheaper labor. China, which was the Emperor of cheap and skillful factories, is on the down low, as the minimum wages are rising. With its close relationship with the USA, Mexico is the most competitive contender to the Chinese supremacy. As in 2015, Mexican labor cost will even be 30% cheaper than China.