All industries have undergone radical transformations in recent years. If not one-off events like the pandemic, then crises such as global supply chain failures and the ever-looming threat of recession over economies.
But there are also positive changes. And, contrary to what one might think, Mexico is experiencing an opportunity that only a few developing countries have: a period of commercial expansion thanks to the practice of nearshoring.
And what other industry could benefit more than the automotive industry? At CIAL D&B we have phone number list noticed the increase in requests for DUNS Number® from auto parts companies, and we wanted to delve deeper into this phenomenon with our internal and industry data. We have found valuable insights, which we will explain in detail below.
The evolution of the automotive industry
The automotive industry in Mexico has seen remarkable growth in recent years, with an increase of 13.9% in 2022, reaching a value of $76.1 billion. This growth shows no signs of slowing down, as by 2027, the value of the industry is projected to reach $97.5 billion. This outlook offers significant opportunities for companies looking to expand and establish themselves in the Mexican market, especially in the border states of Coahuila, Nuevo León, and Tamaulipas, which are leading the nearshoring wave.
Nearshoring, the strategy of moving production operations to nearby countries usa telegram cell number to reduce costs and optimize the supply chain, has boosted Mexico as a preferred destination for global automotive companies.
Daimler, for example, made the strategic decision in 2022 to relocate the production of 300 chassis components to its plant in García, Nuevo León, bringing raw materials closer to the local value chain and reducing costs associated with transportation and raw materials.
This flexible approach not only helps companies manage economic challenges, such as inflation, but also positions Mexico as a key hub in the global automotive supply chain. For U.S. companies looking to expand their presence in Mexico, especially in dating data the automotive and manufacturing sectors, having a DUNS Number® has become a standard of trust and legitimacy.
DUNS Number®, the key to nearshoring?
The DUNS® Number is a unique identifier that validates a company’s legal existence and credit history, making it an essential tool for establishing solid business relationships. In the context of nearshoring, this number has become indispensable for companies wishing to take advantage of opportunities in Mexico and Latin America. Companies with a DUNS® Number are better positioned to build trust among international business partners and access new export opportunities.
The DUNS® Number not only validates the existence and stability of a company, but also opens the doors to a global network of opportunities. For auto parts companies, having this number is synonymous with access to new markets and strategic partnerships with major manufacturers and suppliers around the world.
In a sector as competitive as the automotive industry, where trust and reputation are essential, the DUNS® Number becomes a seal of quality that can make the difference between winning or losing a crucial contract.
In addition, the DUNS® Number facilitates access to financing and better commercial terms, as it allows companies to demonstrate their solvency and credit history to banks and other financial institutions. This is particularly relevant in a nearshoring environment, where the ability to expand quickly and adapt to new demands is essential.