With just over one in five beers exported around the world originating in Mexico, the country remains one of the top global producers of the brewed beverage. While the domestic beer industry points to consumer-friendly lager as the reason for its success, additional behind-the-scenes factors have also propelled Mexico’s rise among major...
Mexican companies are making strong progress in adopting digital technology to improve the efficiency and productivity of their operations, according to new research; however, industry figures have highlighted opportunities for greater advancements to be made in the field of innovation.
The authorities have long recognised the importance of research and innovation to the development of a strong and sustainable economy. To date, however, a number of structural challenges have somewhat limited innovation, and certain government research and development (R&D) spending goals remain unmet.
With exports averaging a 15% annual growth rate over the past decade, Mexico is positioning itself as a global leader in the aerospace industry. According to US aircraft manufacturers Boeing, the number of commercial aircraft around the world is expected to double by 2035, translating into strong demand for manufacturing. This, in addition to...
Nuevo León’s success in metal manufacturing began in the 19th century. Compañía Fundidora de Fierro y Acero built Latin America’s first foundry in Monterrey in 1903. After World War II the manufacturing sector, spearheaded by local metal producers such as Frisa and Deacero, as well as auto parts suppliers like Grupo Alfa, began laying a robust...
The aviation sector is experiencing rapid growth worldwide, propelled by booming tourism industries, lower air fares and the push for greater connectivity in an increasingly globalised economy. Middle-class expansion has also spurred the rise of air travel, as more people are able to afford flights for holidays or business-related travel....
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