今日足球单场分析

Will Mexico Become the New China?

Steven Lerner
    Aug 24, 2020 3:15 PM  PT
Will Mexico Become the New China?
author: Steven Lerner   

A leading Apple iPhone contractor in Taiwan is considering new factories in Mexico as global supply chains are caught in the middle of the Sino-U.S. trade dispute.

Electronics manufacturer Foxconn is reportedly planning to finalize a decision this year to open a new facility in Mexico to make iPhones, according to two sources telling .

Apple, which is reportedly not directly involved in the plan, did not comment.

The report also says that Foxconn has reached out to the Mexican government and is involved in early-stage talks.

In a statement to Reuters, Foxconn confirms that while it is increasing global operations, it also indicated there are no current plans to expand in Mexico.

今日足球单场分析The company reported a to $778.54 million during its earnings release last week, which exceeded analyst predictions.

今日足球单场分析Foxconn isn't the only Taiwan-based iPhone-maker potentially looking to move to Mexico.

今日足球单场分析Pegatron is also reportedly engaged in early discussions about having a factory in Mexico to make chips and other electronic components.

Luxshare Precision, a leading manufacturer of Apple Airpods, is also reportedly eyeing a move to Mexico to build undisclosed product lines.

今日足球单场分析Both Pegatron and Luxshare declined to comment.

A Changing Global Supply Chain

今日足球单场分析Through pressure from the Trump administration, the lure of potential tax credits, and a favorable new U.S.-Mexico-Canada trade deal with tariff-free imports, companies are strongly considering moving portions of its supply chains back to North America.

With the pandemic slowing Pacific trade, more firms are realizing .

While the pandemic has nudged businesses to consider these changes, Mexico's terrible handling of the pandemic is also cited as a reason to avoid moving operations to the country.

Foxconn has already embraced the concept of "near-shoring" as the company currently maintains several factories in Mexico for manufacturing televisions and servers.

今日足球单场分析In a call with investors last week, Foxconn Chairman Liu Young-way touted his company's success with establishing "two sets of supply chains" and claimed that nearly 30% of its products were already made out of China.



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