『Advantages of Mexico, with Richardo Franco Romo of PRODENSA』のカバーアート

Advantages of Mexico, with Richardo Franco Romo of PRODENSA

Advantages of Mexico, with Richardo Franco Romo of PRODENSA

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 Richardo Franco Romo, Global Commercial Director of PRODENSA, explains the many advantages of setting up operations in Mexico, a significant investment destination for US and foreign companies due to its strong economy, stable macroeconomic factors and vastly improved infrastructure. In 2023, Mexican exports were $500 billion with 86% coming to the US.Ricardo also shares the many special bonuses that employees receive; issues of corporate governance and taxation; and various HR laws for vacations, maternity/paternity leave, healthcare, among others. As a largely top-down, paternalistic work environment, the family plays a key role in employee retention programs (such as grocery coupons) and bonuses paid for punctuality and transportation.Culturally, the concept of time (“Ahorita”) has multiple meanings and East Asian manufacturers, especially Koreans, face particular challenges. Nevertheless, the workforce is extremely productive; technical talent is abundant and growing; the threats of bribery and extortion are real but less than 2% of GDP; and salaries/wages remain far lower than in Europe, the US or Canada.Highlights:{01:57} The benefits for companies to set up operations in Mexico{08:21} Maquiladora factories in Mexico{14:38} Mexican laws foreign investors need to be aware of{21:48} Cultural issues in Mexico {30:26} Top-down cultures in Mexico{31:55} The most difficult countries PRODENSA counsels{42:35} The fear of bribery, extortion, kidnapping, etc. in MexicoRicard Franco bio:Ricardo Franco is the Global Commercial Director of Grupo PRODENSA, a firm that has helped with the start-up or expansion of over 1000 projects in Mexico and operates in 25 countries. PRODENSA’s services involve establishing inbound manufacturing operations, handling HR and taxes, regulatory compliance, job hiring, and many other functions. Ricardo holds a degree in Global Business from the University of Monterrey in Mexico. He brings over ten years of experience in business development and attraction of foreign investment. Ricardo specializes in strategic planning for the growth and establishment of manufacturing and service companies in North America. He is a global speaker, addressing topics such as foreign investment, new business creation, talent attraction, and global mobility.Connect with Ricardo:Website: https://www.prodensa.comLinkedIn: www.linkedin.com/in/ricardofrancoromoInstagram: IG: @rfranco93 Hear more episodes: https://auerbach-intl.com/podcastsLearn more about Auerbach International: https://auerbach-intl.comGet free quote: https://auerbach-intl.com/get-quote/Global Marketing requests: globalmktg@auerbach-intl.comGet the insurance settlement you deserve: www.IGICworldwide.comBusiness Intelligence and growth: Rainmakers' Forum Report Order FormDanSing Pancakes. Great song and book to teach kids to resist drugs, drink and smoking … and make healthy life choices:  www.DanSingPancakes.comWorldUpstart, Build the Strategy, Connection, and Roadmap to enter the U.S. market: https://www.worldupstart.com/online-programMastering Cultural Differences. Help employees feel valued, respected and wanting to stay: https://www.masteringculturaldifferences.com The Global Academy. Avoid cultural misunderstandings and gaffes with employees and clients: https://www.masteringculturaldifferences.com/the-global-academy To register for Global Academy: https://www.masteringculturaldifferences.com/offers/zCNb6YoX/checkout?preview=true *** For Global Gurus listeners only, enter coupon code GG50 for $50 off the course registration.Facebook: https://www.facebook.com/auerbach.intlLinkedIn: https://www.linkedin.com/company/auerbach-internationalYouTube: https://www.youtube.com/channel/UCbb1Tq_Xm5c7l6qBitF78DwWhat Global Gurus subjects would you like to learn (more) about? [email return to Philip@Auerbach-Intl.com]

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