Sourcing shift away from China by the west is happening – but slowly
The hastened fracturing of China-US relations is prompting a very real move away from the ...
Following on from yesterday’s analysis on burgeoning Mexican manufacturing, comes the “proof of the pudding”. Those in automotive logistics take note: Toyota, Ford and Hyundai have all announced investment in the Mexican market. Today, according to Bloomberg, Toyota announces plans to build its first factory there, at a cost of about $1bn, while Ford – reportedly dismayed by US union terms – has pledged a $2.5bn investment in two plants. Toyota’s plant is earmarked to assemble Corolla cars for the North American market.
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