The conference talk about the Post-Globalization Movement industry research project provided by Helen Wang gave a deeper view of how the Binational and regional economic trends can help leaders make informed decisions on the subject of any stage in the supply chain.
The binational region (US/MX) is recognized internationally for its strong business interaction, infrastructure, innovation, R&D, education, tourism, manufacturing, creative industries, and global trade solutions.
Therefore, a roadmap to the competitiveness and supply chain processes optimization after a stage of uncertainty with COVID and the Trade agreements changing.
What is the Project PGM?
“Project PGM (Post-Globalization Movement) is an industry research project that combines the intellectual powerhouse of research faculty, graduate students, and industry experts to envision the Global Value Supply Chain’s future.”
Students utilize the newly developed “FiveDimensional Model” to analyze four countries’ (US, Mexico, India, and China) competitiveness, assess the COVID-19 effect, anticipate challenges of foreign trade policies, and outline rebalancing options.
Helen Wang shared a quote from Japanese author Yoshida Kenkō “Life’s most precious gift is uncertainty”. How is uncertainty a gift? When nothing is sure, everything is possible, and sharing the learning from the industry research project, is a gift she and her colleagues can provide for future business development.
Many industry-leading companies worldwide and their executives have participated in this project and provided insightful feedback and invaluable support. From there, focusing on Mexico’s strength in what already is a good base for the future development of business is the next step.
The benefits Mexico already have in their supply chain management
- Proximity to market
- Regional supply chain activity & trade policies
- Access to Universities to incubate future leadership
- A highly educated workforce
- Strong international trade relations
- Good infrastructure systems for transportation of raw materials, parts, or assembled goods
- A political environment in which the Binational relationship is known and endorsed positively
In addition, Mexico has a diverse economy with many different sectors, including agriculture, services, technology, logistics, manufacturing, energy, mining, etc. Therefore, this clustering system of different industry sectors allows companies to create networks of support in their supply chain. Being able to have options under uncertain times or challenges that might arise due to trade circumstances with OEMs, and having a physical connection with several tiers of suppliers is one of the most important circumstances in which Mexico needs to keep promoting.
Integration of all for the benefits of business development
Within the information acquired in the PGM project, it was able to obtain information to understand the value supply chain movement and utilize UCSD’s research capabilities to guide the industry to make VSC decisions.
One thing to consider is the importance of companies partnering up with an OEM when they want their finished product to be available worldwide. OEM (Original Equipment Manufacturer) relationships enable companies to focus on their own strengths rather than having to spend time developing products for others.
If you wish to know more details about the conference given by Helen Wang, go and register at the following link: https://tijuanaedc.org/bbc/2021/ or if you want to get more personalized information on how the Binational region could help your company, contact us. We will give you all the necessary information to know if manufacturing in Tijuana is the best option for you.