In these challenging times, nearshoring is a real global mega-trend. Mexico is well placed (because of its proximity to the world’s largest market, its skilled labor force, a sophisticated manufacturing base, etc) to benefit from many of those companies looking to nearshore or to relocate their operations closer to their main destination markets, particularly to the U.S. and the Canada and Mexico itself, the second largest market in Latin America.
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Those companies relocating to Mexico because of the nearshoring and those already operating in the country, beyond its numerous advantages, are still likely to face, among others, human capital, information and security-related risks.
VESTIGA considers the following ones as two of the key aspects that the companies operating in Mexico must properly pay attention to:
– Labor laws are too favorable to employees and workers over the companies’s legitimate business interests.
In Mexico, it is very difficult to hold managers, employees and workers accountable for almost any wrongdoing they may commit (fraud, collusion, embezzlement, pilferage, theft of business information, etc.)
– Poor public security conditions and weak rule of law.
Unfortunately, crime and violence have spread in Mexico over the last years. Although criminal hotspots usually vary in response to security force deployments and regional criminal dynamics, national levels of criminality activity are thought likely to remain elevated in the years to come, particularly extortion and road cargo theft.
Nearshoring and risks
In addressing the above described aspects and issues, VESTIGA firmly believes, based on its experience in helping dozens of multinationals and large Mexican corporations, that the companies can successfully operate in Mexico by either mitigating risks implementing preventive solutions suited to the local dynamics, culture and legal framework or by reacting timely and properly to incidents and crisis with the help of consultants who know well how the things can be done and how the local intricacies must be handled in Mexico.
VESTIGA provides its clients with solutions in three service lines:
– - Business intelligence (investigations, reputational due diligence, forensic audits and computer, etc)
– Cybersecurity (digital forensics, incidents response, eDiscovery and testimony expert for litigations, etc)
– - Assets security risk management (security assessments, audits of security providers, design and implementation of security risks master plans, planning and implementation of incidents and crisis management systems, etc.)
The VESTIGA professionals provide its clients with a mix of the best practices of the global consulting firms with a local insight and an unparalleled set of information resources (the best databases publicly available and a vast network of human sources across industries and sectors).
