Editor’s Note: There are a lot of steps involved in seeking out opportunities in a new country. As part of the “MIST” countries from which financial experts and futurists predict substantial growth in the future, Mexico has seen many exciting developments lately in the automotive sector, from the merger of PAACE Automechanika and ExpoINA and expansions into Mexico with DENSO, Bosch and others. We took a look into Mexico from the perspectives of The Network and The Group recently; here’s another look into investing in Mexico from GlobalBusinessProfessor, titled “Investing in Mexico: Planning for Success.”
Investing in Mexico: Planning for Success
Presented by Judy Kruger, Senior Vice President of International Sales, PRA Global
Learn the five strategies critical for success in Mexico by watching the On-Demand Seminar, “Investing in Mexico: Planning for Success,” presented by Judy Kruger, senior vice president of international sales, PRA Global.
In the 25-minute seminar, produced by GlobalBusinessProfessor.com and GlobalAutoIndustry.com, Kruger details how to explore investment opportunities, research investment costs, find the right location, hire and retain good workers and appreciate the Mexican culture.
Kruger thoroughly discusses the industries that are currently very attractive for foreign direct investment, especially automotive, aerospace and electronics. She emphasizes that Mexico’s trade agreements add another layer of profitability to U.S. companies setting up operations in Mexico. With charts that compare average lease rates, construction costs, wages, corporate tax rates and annual increases, Kruger helps viewers understand the start-up and investment costs of doing business in Mexico vs. the U.S. or China. She presents a detailed chart with industrial market locations, availability, lease rates and land prices. Her discussion of Mexican workers’ priorities will ensure that new entrants to the market can hire and retain happy, productive workers.
Kruger provides consulting with U.S. companies on growth strategies in Europe, Asia, South and Central America. She was formerly with Grupo Prodensa, a firm headquartered in Monterrey, Mexico, and as vice president of operations, she developed maquilas or shelter companies in all regions of Mexico. PRA Global drives growth through targeted sales, distribution and full start-up services in Europe, Asia, South and Central America.
To view this On-Demand Seminar, click here.
