Mexico’s President Claudia Sheinbaum has introduced a 30 billion peso ($1.4 billion) nearshoring incentive package aimed at enhancing the country’s position in regional supply chains via an executive decree. The majority of the funds will be allocated to companies investing in fixed assets, with additional resources for training and innovation. This initiative is part of a broader economic strategy called “Plan México,” which seeks to boost domestic production, reduce imports, and stimulate regional integration and economic growth across North America.

Source: https://www.supplychaindive.com/news/plan-mexico-nearshoring-incentives-sheinbaum/738202/