Foxconn’s Tijuana Manufacturing Operation Shows the Nearshoring Possibilities
The facility is a testament to investment in Mexico as part of the nearshoring trend
Over the past 20 years, many companies, particularly in electronics, have outsourced manufacturing. One of the giants of contract manufacturing is Foxconn, the famous CM making Apple products in China. In addition to China, Foxconn has established manufacturing facilities in many countries, including Mexico.
The reshoring/nearshoring movement has companies considering Mexico as a viable low-cost alternative to China. The minimum wage in Tijuana as of January 2024 is approximately $2.25/hour. Land, facilities, and the overall cost of operations are lower, too.
