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Mexico’s automotive industry is gearing up for a surge in electric vehicle (EV) production, with experts projecting a growth of 179% by the end of the year, according to a recent report by American Industries Group. The anticipated boom is largely attributed to the influx of new Asian automakers, particularly from China, says Gerardo González, […]
The automotive sector is driving real estate demand in Mexico, accounting for 35% of all nearshoring demand in 1H23, found a new report by CBRE Research. As Mexico’s automotive sector continues to expand, the country’s prominence as a major supplier of auto parts to the US continues to grow. Although China still maintains a dominant […]
The 1.5 million square-foot facility in Lancaster, Texas, will enable faster delivery as the retailer prepares for the holiday season. Walmart opened its third next generation fulfillment center in Lancaster, Texas, as it prepares for holiday demand, according to an Oct. 17 press release. The 1.5 million-square-foot-facility near Dallas is one of five recently announced. The retailer […]
Looking ahead, the company expects further headwinds as market conditions worsen, CEO Vincent Clerc said in an earnings call. Dive Brief: A.P. Moller — Maersk plans to reduce its workforce by 3,500 positions in the next year as it prepares for challenges in the ocean market, CEO Vincent Clerc said in a Q3 earnings call […]
