On the evolution of e-commerce during the pandemic and prospects for sustainable growth In what ways has e-commerce evolved during the pandemic? GEISEN: As e-commerce was deemed an essential industry, operations continued uninterrupted under strict biosecurity protocols. E-commerce growth in Mexico greatly accelerated from April 2020 onwards, following the immediate social restrictions and economic…
Following the economic crises of the 1980s and 1990s, Mexico implemented a series of liberalising structural reforms, enabling it to become one of the world’s most open, trade-orientated emerging economies. However, the slowdown of the US economy, to which Mexico’s fortunes are closely tied, and the rising uncertainty generated by global trade tensions has affected development. Analysts expect
Mexico’s economy is the second largest in Latin America after Brazil and is ranked 15th in the world in terms of GDP. The IMF forecasts Mexico’s economy will grow by 2.3% in 2018 and 3% in 2019. Against the backdrop of critical national elections and the ongoing renegotiation of the North American Free Trade Agreement, 2018 are 2019 are likely to be a turbulent year for Mexico. In spite of thi
Mexican companies are making strong progress in adopting digital technology to improve the efficiency and productivity of their operations, according to new research; however, industry figures have highlighted opportunities for greater advancements to be made in the field of innovation. The 2017 “iDX Business Digitalisation” report released by market intelligence company International Data Corporation…
The authorities have long recognised the importance of research and innovation to the development of a strong and sustainable economy. To date, however, a number of structural challenges have somewhat limited innovation, and certain government research and development (R&D) spending goals remain unmet. While renewed interest in promoting R&D has meant the country is performing well on global…
Interview :Enrique Cabrero Mendoza What is being done to improve Mexico’s patent ranking and boost its position as a regional leader in international property rights? ENRIQUE CABRERO: There are three ways to improve Mexico’s ranking, and all involve providing technical and institutional support to firms in order to drive a universal change in the business culture. From the public sector…
While renewed interest in promoting research and development has meant Mexico is performing well on global indices, lower budgets in 2017 and 2018 mean the government will be looking to continue incentivising private investment, while encouraging universities to maintain their work to advance the sector. While Mexico has a strong background in innovation, fostering new research and auctioning new ideas…
In English El alza en los ingresos y una demografía positiva impulsan un crecimiento sostenido del sector de ventas de lujo al menudeo en México, esto a pesar de los vientos en contra debido al desaceleramiento del crecimiento económico y la expectativa de relaciones comerciales más débiles con los EE.UU. De acuerdo con datos publicados en mayo por Citibanamex, la rama mexicana de Citibank,…
Although economic openness left Mexico more exposed to the global financial crisis than some of its Latin American peers, its economic profile has since allowed it to bounce back as global trade and investment flows recover, and past structural reforms begin to bear fruit. Economy: Open Borders -Since the mid-1990s Mexico has progressively liberalised and integrated into regional and global…
In English Con las tasas de índice de acceso al Internet y el interés de los grandes minoristas internacionales en aumento, las perspectivas de comercio electrónico parecen prometedoras a pesar de la incertidumbre sobre el cambio de políticas en los EE.UU. Un informe emitido en 2016 por la consultora AT Kearney concluyó que México estaba preparado para un auge del comercio electrónico…
