A recent USDA report highlights Mexico's avocado industry, predicting a solid 5% increase in production for 2024 compared to 2023. This growth is attributed to a strong global demand for the fruit, positioning Mexico as the leading producer. Exports will continue to grow in 2024, according to the report.
Mexico City's National Palace, a historic landmark steeped in cultural significance, has welcomed a unique group of residents into its fold - nineteen feral felines. These independent cats, who have long graced the palace gardens and halls with their presence, have now achieved official status as 'living fixed assets.'
Ditch the car in Mexico! Buses, taxis, and ride-hailing services offer affordable and convenient ways to get around, while walkable city centers make exploring on foot a breeze. Discover how living car-free in Mexico can save you money and help you enjoy a hassle-free lifestyles.
For March 2024, the total number of terminal passengers at GAP’s 12 Mexican airports decreased by 1.2%, compared to March 2023. Puerto Vallarta and Los Cabos presented an increase in passenger traffic of 5.7% and 1.2%, while Tijuana and Guadalajara presented a decrease in passenger traffic of 5.0% and 2.4%, respectively.
Mexico's Chamber of Deputies recently approved modifications to the Federal Consumer Protection Law, establishing penalties for businesses that charge consumers paying with credit or debit cards a 'commission' or 'surcharge'. The approved amendment now moves to the Senate for further consideration.
Artificial intelligence chip manufacturing is expanding to Mexico, with US tech companies investing in the country as a new hub for production. This shift comes alongside a broader trend of nearshoring, where businesses relocate production closer to core markets.
Grupo Coppel and The Home Depot have revealed significant investment plans for Mexico in 2024. These retail giants are investing billions of pesos in store expansion, renewable energy, and digital experiences. Expect more jobs, greener practices, and a wider variety of products for Mexican consumers.
Remittances sent to Mexico continued to increase steadily in February 2024, rising by 3.7% compared to the same month last year. This follows a record-breaking 46 months of uninterrupted growth. However, the strengthening peso and inflation mean that Mexican families are actually receiving less money in real terms.
According to Mexican officials, investment commitments for the period January-mid-March 2024 surpassed $31 billion. This surge is linked to companies seeking to establish manufacturing and supply chains in Mexico, capitalizing on the trend of nearshoring.
Amazon Mexico announced plans to open a new shipping center in Apodaca, Nuevo León, that will create over 500 jobs. The new shipping center, known as MTY2, will not only serve Amazon's core business but also empower local small and medium-sized businesses (PyMEs) to grow their e-commerce presence.
