Mexico continues to be a hot spot for the automotive industry. Not only has the automotive sector grown dramatically in Mexico, but all indications are that the growth will continue. In the newly released On Demand Seminar, “Big Gains: Challenges & Opportunities for Automotive Suppliers in Mexico”. Paul Pilkauskas highlights the challenges and opportunities in Mexico for automotive manufacturers and suppliers of all sizes that are looking for new, top line growth.
Paul Pilkauskas – firstname.lastname@example.org
Pilkauskas views Mexico as an ideal way for automotive manufacturers to achieve growth and compete globally with companies of any size. In the seminar, Pilkauskas discusses the opportunities for the automotive industry given Mexico’s trend toward localization of the supply chain, as Mexican government regulations demand that tier one OEM’s have 60% local content. He points out that foreign automakers have invested $35 billion in Mexico from 2000 – 2015, and each of the major 24 OEMs have plants in Mexico, located primarily in the Central region. He states that the automotive industry is a key component of Mexico’s economy, and is vigorously supported by the Mexican government. Furthermore, Pilkauskas identifies the primary reasons manufacturers and suppliers come to Mexico, which include low operating costs, access to new markets and adding to top line revenue. In addition, he highlights additional key advantages, including a young, well-educated workforce and Mexico’s 12 free trade agreements which provide access to 44 countries.
Paul Pilkauskas manages Business Development for Entrada Group in Europe. He has an extensive career in foreign direct investment and economic development, including more than a decade of experience in the automotive sector. For nearly two decades, Entrada Group has been guiding manufacturers in establishing and running their own cost-effective Mexican operations in order to enhance global competitiveness.