Tips to Moving Your Products Into and Out of Mexico Frank Guenzerodt - MHLnews.com
go to original February 21, 2016

It’s time to meet the neighbors in North America. Help your small business get a competitive edge with international shipping to Canada and Mexico. These new markets can help you grow your business, increase your revenue, and find a whole new base of eager customers. (FedEx)

Mexico remains one of the United States' most important trading partners, with nearly 490 billion in total goods traded (import and export) in 2015, according to U.S. Census data. Our south-of-the-border neighbor ranks third in trading volume behind China and Canada.

While the North American Free Trade Agreement (NAFTA) has made it easier to do business with Mexico, new sophisticated manufacturing capability within the country, the booming automotive sector, and higher labor rates in China will further increase the volume of imports from Mexico, especially as more local sourcing becomes advantageous for many U.S. businesses. Instead of waiting weeks for goods to arrive overseas, a shorter supply chain from Mexico means products can arrive in just days, reducing inventory requirements and shipping costs.

As U.S. manufacturing plants and other companies ramp up business with suppliers in Mexico, trading across the border still poses many challenges. Customs procedures have advanced in the United States and Canada to a fully electronic system, where entries can be processed in seconds. Mexico remains more paper- and procedure-oriented, especially on southbound routes, which may result in longer processing times and efficiency challenges.

Security issues, divergent custom rules and multi-party interactions throughout the supply chain may cause delays, increased costs and potential loss of freight.

Companies importing and exporting from Mexico can still take some precautionary measures to protect and improve their supply chain operations.

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