The COVI 19 pandemic has brought to everyone’s attention how dependent the US is on China products.
According to the <https://ustr.gov/> U.S. goods imports from China totaled $539.5 billion in 2018, up 6.7% ($34.0 billion) from 2017, and up 59.7% from 2008. U.S.
This year we know that imports from China are not what they have been, we also have been reading that most of the supply chains for many strategic industries have been affected, and this has created the need to rethink current supply chains.
Also requests are up from local companies dealing in consumer goods that are looking to replace their overseas suppliers will local ones.
Further more with the USMCA entering in to force and with the new changes for the Automotive industry, there is a great possibility that Chinese automotive companies will be looking to relocate to the US or Mexico, along with many other companies from other industries will be looking to become local suppliers in North America.
Mexico is closer to the biggest market in China - the US.
In a recent survey by Foley & Lardner LLP, released in February, 160 US based executives from many industries, including automotive and retail, where asked about their interest in doing business in Mexico, more than half reply that they were already in Mexico and plan to expand.
Chinese companies could be looking at Mexico as an strategic location...Read the original article "Most small businesses are saying they want to leave China" at https://www.forbes.com/sites/kenrapoza/2020/06/08/small-businesses-leave-china-supply-mexico-benefits/