The automotive sector is adapting to seemingly unending challenges. Following a historic pause in production that ended years of production highs, Mexican companies had to secure their manufacturing plants to protect their workforce from COVID-19.
Suppliers gradually resumed operations as demand from OEMs renewed with the lifting of pandemic-related lockdowns. However, companies across the supply chain faced a new challenge in the form of semiconductor shortages. Now, companies in North America are facing logistics constraints when bringing components from Asia as container prices have skyrocketed. Ongoing international hurdles and a thirstnned for uninterrupted operations have created new nearshoring opportunities for Mexico to take advantage of. Still, further local supply chain development is required.
Challenges, however, are not stopping OEMs’ transformation processes— the biggest in 100 years — from car manufacturers to mobility providers. Connected, autonomous, shared and electric vehicles are s
