A KPMG study reveals that Mexican companies have been strategically allocating at least 10% of their revenue towards digital transformation for several years. This effort goes beyond simply building a strong online presence, as the rise of AI has spurred companies to adopt a wider range of new technologies.
Quintana Roo, the Mexican state overseeing the Yucatan Peninsula, announced Cozumel as the first Mexican port to utilize facial recognition biometrics. This technology aims to improve security, expedite processing times, and enhance the overall experience for both staff and cruise passengers.
As May comes to an end, there have been three heat waves affecting most states in the country, including Jalisco. According to the National Meteorological System (SMN), the third heat wave will end on Tuesday, May 28. At least two more heat waves are expected in June, marking the end of the 2024 Heat Season.
With a significant portion of the working-age population lacking the specific skills demanded by businesses today, Jalisco has launched a new Employability System to tackle a skills gap and boost job growth. The system aims to cultivate a robust talent pipeline that aligns with the evolving job market.
Swiss food giant Nestlé recently announced a $225 million expansion of its pet food factory in Silao, Guanajuato, Mexico. This project is expected to create 94 new jobs at the factory, which currently employs 600. The investment adds to over $770 million Nestlé has poured into the Silao facility over the past decade.
Mexico's financial sector is experiencing a shift as Banamex separates from Citigroup, ending a partnership that began in 2001. Customers can expect a smooth transition with continued use of cards and online banking. Banamex plans to leverage this independence to expand its offerings and invest in digital services.
In early 2024, Mexico set a record with $20.3 billion in Foreign Direct Investment (FDI), up 9% from 2023. This reflects strong foreign investor confidence in Mexico's stable economy. Key investments came from the United States, focusing heavily on the manufacturing sector.
The annual Hot Sale started May 15 and will run through May 23, with over 600 of Mexico’s largest online retail companies and e-commerce sites participating. Whether you're a seasoned online shopper or new to e-commerce, the vast selection of discounts and exclusive offers from top retailers makes this the perfect time to buy.
Jalisco maintains leadership in the generation of jobs, securing its position as the country's third-largest job generator. Over the first four months of the year, the state recorded an impressive 28,037 formal jobs, with 5,768 positions added in April alone.
The 2024 Pacific hurricane season promises to be active, with forecasts predicting up to 18 cyclones threatening Mexico's Pacific coast. Jalisco Civil Protection assures residents they're prepared, with communication channels, warning systems, and emergency teams at the ready.
