Fractured Supply Chains Drive Steel Prices Skyward

May 3, 2021

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The USMCA Promises to Dramatically Change the North American Automotive Supply Chain
If you're doing business in Mexico, in particular for the automotive industry, you need to read this National Law Review article.

"Most automotive businesses in Mexico use outsourcing operations to manufacture in the country,” note the authors. “The new outsourcing rules will impose a need to reassess and restructure a number of labor, corporate and tax structures, and short-term strategies.

"Upon VAT-certification renewal,” the article continues, “companies will, among other things, no longer have the ability to obtain expedited 16% VAT refunds on their operational balance."

Also up for discussion: labor laws, mandatory technical standards and tax reforms.
Industry-Related Terms: Center, CNC, E-Mail, Forming, Point
View Glossary of Metalforming Terms



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