BofA: 'Mexico has a big opportunity with nearshoring'

A qualified labor force with relatively low wages

From BofA Global Research:

“Mexico has a big opportunity with nearshoring as China is losing market share in the US. Nearshoring is the relocation of resources from one country to another which is closer to the final consumer. Given the fragmentation of global supply chains, US/China trade relations, changes in labor costs, and a prioritization of food …