Page 2 - Export Manufacturing News Today

Texas blackouts cost Mexican manufacturers $2.7B GM, Mazda and Volkswagen suspend some operations in Mexico 772 2 minutes read More blackouts across Mexico could be on the horizon with Texas Gov. Greg Abbott’s announcement that natural gas sale and exports to Mexico will be suspended until Sunday. (Photo: Jim Allen/FreightWaves) Rolling power blackouts have affected key industrial sites across Mexico, including border states home to hundreds of factories producing everything from a...

Share: Rolling power blackouts have affected key industrial sites across Mexico, including border states home to hundreds of factories producing everything from auto parts to electronics. Factories across northern Mexico states such as Tamaulipas, Chihuahua and Nuevo Leon reported more than $2.7 billion in losses from blackouts that started Monday when Texas began limiting natural gas supplies, according to Mexicos National Council of the Maquiladora and Export Manufacturing (INDEX). INDEX repo...

The pandemic is accelerating the adoption of digital technology, which has a particularly strong effect on immature economies. Digital technology is unlikely to generate double-digit growth because its impact is largely limited to domestic economies, with no added boost from exports. But it can simultaneously and sustainably transform domestic emerging economies.