🌐🚢📰Mexico’s trade dynamics are shifting as global trends impact exports and imports. Key factors shape the country’s economic outlook. 📊 Get the full breakdown in the #Nearshoring Monthly Report “Nearshoring: How we’re doing month by month” from #IntercamBanco #TheNearshoringBank https://intercamblog.com/nearshoring-how-we-re-doing-month-by-month-monthly-newsletter-12/ | Intercam Banco

What might happen to global trade patterns when things are in flux? Amid pressure on US–China trade, companies may look to rearrange sourcing to alternative suppliers. If they cannot, companies might instead reduce purchases, replace imported products with something similar, or ramp up domestic production. These alternatives require a combination of sacrifice, resources, know-how, and time. McKinsey Global Institute research quantifies how hard the change might be. Explore more: https://mck.co/3