The automotive industry is viewed as a strategic foundation for industrial and economic development worldwide. The significance of this sector has resulted in countries around the world focusing their main growth objectives on developing and/or strengthening this industry in their region.
In Mexico, the automotive industry has become one of the most dynamic and competitive sectors, as it generates more than 3% of the country’s Gross Domestic Product (GDP) and 18% of manufacturing GDP. The automotive industry represents 20% of the country’s Foreign Direct Investment.
The automotive industry’s strength is largely due to the many strategically located clusters throughout the Mexican states of Nuevo Leon, Guanajuato, Mexico, Chihuahua, Queretaro, and San Luis Potosi.
The Automotive Industry in Numbers
Mexico’s auto parts industry has sustained growth over the years. In the last five years, it has reached record highs in both production (USD 82 billion annually) and exports (USD 65 billion annually). The country has now become the world’s sixth (6th) largest producer, and it is expected to improve its position even further in the next few years.
As one of the country’s most dynamic industries, the automotive sector is constantly having to implement changes in order to comply with the never ending passing of new legislation that impacts laws, regulations, standards, annexes, and guidelines, which are published by various government agencies that regulate foreign trade. This issue has had an impact on daily performance. The industry’s close ties to operators, customs agents, carriers, and warehouses necessitates a business relationship with logistics partners who are familiar with and can analyze, understand, and interpret Mexico’s regulatory framework.
Given the amount of information to digest and the importance of this industry, your logistics partner must be specialized in the automotive industry and be ready to offer comprehensive solutions that meet the industry’s regulatory standards and take advantage of customs modernization to avoid risks and contingencies.
TIBA: Tailored Logistics Solutions Made to Fit the Automotive Industry
With over 40 years of experience in the market and a team of professionals who are experts in the automotive industry, TIBA provides timely and specialized logistics solutions to assembly plants; tier 1, 2, and 3 suppliers; aftermarket providers; production lines and spare parts providers, in order to help them speed up their supply chains and ensure timely delivery of all components within the process.
With our network of agents, TIBA can respond to even the most urgent requests in a timely manner whether you are in Mexico, Japan or anywhere else in the world. TIBA offers you full assurance that your goods will travel safely from the factory to the final destination.