The Mexican economy is growing very fast. It is now becoming an exporter, manufacturer and trader in many sectors. In the past, Mexico was mainly known for exporting sugar and flour. However, these days it has become a major exporter of automobiles, electronics, petroleum refineries, pharmaceuticals, cement and steel. Its main industries include Textile, petroleum refining, cement, petrochemicals and the electrical equipment. Indeed, mexico manufacturing is considered as one of the largest exporters of all these products.
When workers in Mexico earn this much, they can purchase all the goods they need in the market and pay for housing and other necessities within their locality. In addition, they have the luxury of buying brand names that are much more expensive. Consequently, when businesses buy products, they can raise their prices and thereby benefit from a higher profit margin. As a result, businesses can invest more in building new factories in mexico and hire more workers.
Another advantage offered by workers in mexico is the availability of good locations. In other words, workers in Mexico can locate any place on the globe that offers them good paying jobs. Thus, any business located in a desirable location will experience less transportation costs because it will have lower labor costs. Consequently, a business does not have to invest in building new infrastructure and the expenses that come with it. On top of this, a company will experience greater cost savings because of the low supply chain associated with such location.
Workers in mexico can also enjoy another benefit that most companies do not provide: flexible hours. Since a large number of employees lives in different states and countries, sometimes they cannot be found when their hours of work are over. In order to attract qualified workers, companies should allow some flexibility when it comes to their working hours. Flexibility may be provided in terms of weekly and monthly shifts or flex schedules for emergency days. Furthermore, a company may assign workers to specific tasks or areas, which would otherwise be impossible to achieve with a large workforce.
Finally, although a large portion of the Mexican labor force is employed in the production of automobiles, homes, and clothing, it is still very possible to enjoy the benefits of manufacturing operations in mexico. In other words, a company may focus on a specific type of merchandise to ensure its success. Thus, a company in Mexico may focus on producing automobiles, clothing, or electronics. Since these products enjoy a lower price per unit when compared to comparable products from other countries, they will enable businesses to save on production costs.