Overcoming the Talent Shortage
Overcoming the Talent Shortage Whether an employer or a consumer, everyone has been affected by the talent shortage. Across all industries, employers are reporting a shortage in employees’ access and an increasingly higher turnover rate. This has caused an increase in the cost to hire and retain talent and continual disruptions to business as […]
2022, key for the USMCA
2022, key for the USMCA By Monica Lugo, Institutional Relations Director of Prodensa. Undoubtedly 2020 and 2021 will be remembered as the years in which the global economy faced one of the most important challenges in recent years. The pandemic not only brought contraction in the global economy but also fragilized international trade and […]
New role of the Mexican Customs Agency
New role of the Mexican Customs Agency For the last 25 years, the customs office in Mexico was part of the Tax Administration Service. However, effective January 1st, 2022, a new role of the Mexican Customs agency has been created by the President. This office will report directly to the Minister of Finance and […]
Industry Trends for 2022: What to expect in the upcoming year.
Industry Trends for 2022: What to expect in the upcoming year. As 2021 comes to an end, this is the perfect time to start analyzing the industry trends for 2022. In this blog post, our team of experts and industry leaders will present what to expect in the upcoming year and their insights on different […]
General and Professional Minimum Wage in Mexico approved for 2022
The National Commission of Minimum Wages (CONASAMI), and the Secretary of Labor have officially announced the approval of an increase to the minimum wage in Mexico of 22% effective on January 1, 2022. Last Wednesday, December 1st, the federal government, representatives of the labor sector, and employers organizations announced a 22% increase to the […]
How is digital transformation impacting your trade compliance strategy?
How is digital transformation impacting your trade compliance strategy? Multinational companies investing in Mexico have a great concern about minimizing their risks levels regarding taxes and customs duties, particularly in a changing and complex regulatory environment. Trade compliance requires strict observance of provisions comprised in various laws such as customs, value-added tax, general import and […]
Medical Device Industry in Mexico
Medical Device Industry in Mexico The medical device industry in Mexico is a fast-growing manufacturing sector, yet many opportunities exist for further investment, growth, and consolidation. Global Medical Device Industry Overview The medical device industry is expected to reach US$612.7 billion dollars by 2025. It is driven by a global market of increased chronic […]
8 Reasons to Source Administrative Services in Mexico
8 Reasons to Source Administrative Services in Mexico Labor costs are on the rise in the United States. Companies continue to struggle to attract and retain top talent in an evolving environment. With the implementation of technology that permits employees to work anywhere globally, Mexico has emerged as a top destination for administrative services. […]
Branding and reputation your main allies to business continuity
Branding and reputation your main allies to business continuity HOW DO BRANDING AND REPUTATION IMPACT ON THE BUSINESS CONTINUITY? One of the main steps of a company is to build and maintain good branding and reputation. Today everybody has access to social media, people’s voice is read and heard. This is something positive for […]
How to Hire Employees in Mexico
How to Hire Employees in Mexico The Prodensa E-Book “How to Hire Employees in Mexico” provides actionable insights to the Human Resources non-specialist during their market research and investigation stage into the Mexican labor market. Some of the most notable changes to federal labor law in Mexico have occurred since 2019, accompanied by ongoing changes […]