Onilog’s 2021 Expectations
Onilog’s 2021 Expectations: A Glimpse into Our Vision
We are eager to share Onilog’s 2021 Expectations, offering a glimpse into our vision for the year ahead. As we outlined in previous communications, we maintain an optimistic outlook and remain committed to creating value in all our endeavors. This year began with the need to make challenging decisions, aligning our operations with current circumstances and preparing for anticipated growth starting in the second quarter of 2021.
Outlook for the New Year
We've observed a widespread determination to make up for lost time in 2020, pushing forward with projects postponed due to uncertainties stemming from the COVID-19 pandemic, the U.S. elections, the renegotiation of NAFTA (now the USMCA), and the ongoing trade tensions between the USA and China.
The unprecedented global health crisis of 2020 prompted a surge in Economic Nationalism sentiments and a growing trend towards Nearshore operations, aimed at mitigating risks in the supply chain.
Mexico's industrial sector stands poised to recover from the chaos of 2020 by capitalizing on its position as North America's premier destination for manufacturers supplying the world's largest market. We've witnessed a surge in production and logistics operations flocking to Mexico from around the globe.
Success in this endeavor hinges on Mexico's ability to maintain its competitive edge and persuade the USA and Canada to view investment in the USMCA region as a form of (Nearshoring), bolstering the global competitiveness of North American products.
Sectors poised to benefit the most from relocating operations to North America, in compliance with stringent Rules of Origin, National Security requirements, and the emerging "New Normality," include:
- Automotive
- Aerospace
- Machinery and equipment
- Medical equipment
- Pharmaceutical
- Digital Economy
- Logistics and Transportation
- Agricultural
To provide a better service to our current and potential customers in these industries, Onilog remains committed to investing in IT capabilities, fostering a culture of quality, and innovating solutions. In essence, we are steadfast in our commitment to creating value in every aspect of our operations.
