Mexico boasts the second-largest national economy in Latin America, which is supported by regional expertise in manufacturing, a relatively stable economic infrastructure and deep trading relationships with the United States. To track Mexico’s performance in the international supply chain and economy, the manufacturing sector is the one to watch. Thanks to affordable labor costs, a highly skilled workforce, government incentives and excellent trading relationships with the United States, manufacturing is booming in categories that prize high-quality goods for international distribution, such as components for computing and automotive applications.
The Mexican economy enjoys national membership in the USMCA agreement, a free trade agreement between Mexico, Canada and the United States. The USMCA supports small businesses as well as agricultural and manufacturing workers by implementing international standards for labor practices. Mexico’s economic growth has been slow but steady in recent years, with annual post-pandemic growth in the 2-3 percent range. This growth represents increased economic opportunity for the national workforce and a substantial decrease in the national poverty rate, with nearly 9 million people exiting poverty in recent years. Read on to learn about the companies stoking Mexico’s growth.
Top Companies in Mexico
- General Motors
- Mondelez International
- Workiva
- Collins Aerospace
- Qualtrics
- Samsara
- The Chemours Company
Top Companies in Mexico
Financial technology company Pangea Money Transfer offers a peer-to-peer payment platform for individual users, who rely on the software to send and receive funds anywhere in the world. For users who need to send funds to recipients in other currencies, the Pangea platform aims to provide foreign exchange to any currency with a turnaround time of 60 seconds or less.
Aviation and aeronautics enterprise Airbus engineers and manufactures air and space craft. It splits its focus between Earthbound aerospace units like passenger jets and helicopters, and space exploration products like uncrewed aerial vehicles and satellites. The Airbus pilot training program is widely respected in the industry.
General Motors is an iconic American automotive company. It owns and operates the Cadillac, Buick, Chevrolet, and GMC vehicle brands, in addition to ACDelco, an automotive parts brand that supplies components for General Motors cars and trucks. The company’s financial branch functions as an independent provider of automobile financing for customers.
Collins Aerospace is a defense and aerospace business that supplies products to many prominent aviation companies. It serves commercial, military and business aviation, and also builds products for air traffic management, airports and space exploration. Collins was founded on the principle of innovating technology, and today it carries out that mission by developing capacity for autonomous flight, electrified aircraft, connected battlespaces and other aviation applications for leading edge tech.
Industrial connectivity company Samsara makes IoT products for heavy machinery and fleet vehicles. The Samsara IoT network spans over 1.5 million devices, which are purpose-built for the demands of work in the field. Samsara AI cameras, equipment monitoring devices and vehicle telematics report data on routing, fuel, geolocation and maintenance.
Multinational enterprise Mondelez International is a top company in the food and beverage manufacturing sector. The company was born from a division within the Kraft corporation, after which Mondelez was created to focus entirely on global snack markets. Mondelez produces best-loved favorites and iconic brands in the cookie, candy, chocolate and powdered drink categories.
Arrow Electronics is an enterprise company that provides electronic components for computing products. In addition to engineering and manufacturing hardware, the company operates divisions that focus on specific applications for its products, including data center, healthcare and supply chain units. Arrow’s overall mission is to source and build products that facilitate innovation across sectors.
AlertMedia makes a SaaS product for emergency notifications within enterprises and other large organizations. Universities, corporations and institutions rely on the software to alert team members and stakeholders to breaking emergencies, such as political strife, extreme weather events, shutdowns and other time-sensitive safety incidents. AlertMedia sends notifications directly through its platform, allowing teams to receive information and instructions in real time.
Adyen is a financial technology company that engineers B2B payment software. On its transaction platform, clients can process their incoming B2B payments. As they do so, the software gathers data on their business and financial processes, which in turn is analyzed for insights and recommendations.
Fintech business Q2 provides SaaS products for banking and lending, which are used by financial services organizations. By extending Q2’s software products to its users, the company boasts a nearly 50 percent increase in loan growth and 13 percent increase in returns on assets for client teams. The Q2 platform prioritizes financial wellness for users and includes robust fraud detection and protection protocols.
Cisco Meraki is an IT enterprise that provides connectivity and networking services and products. Its specialty is cloud computing and cloud-controlled IT management, a connectivity paradigm in which Wi-Fi, routing, security and other network tech are remotely controlled from a central interface. In addition to IT networks, the company is also expert in camera-based security systems.
Taboola is a marketing technology specialist that offers SaaS products for content discovery. On the Taboola platform, as well as on partner websites, users encounter content recommendations generated by the company. Their engagement with this content produces data points, which Taboola puts together into big data sets that it analyzes for insights into purchasing habits.
Qualtrics makes software products for employee and customer experience management. Its software presents surveys to users at key points in their user or customer journeys, as a manner of capturing real-time experience data directly reported by individuals. This data, when compiled at scale, can offer both macro and micro insights into potential adjustments and areas ripe for optimization.
Crunchtime is a software company that makes products for the food and beverage and hospitality spaces. Its point-of-sale SaaS products and platform are purpose-built for multi-location restaurant businesses and offer features like inventory and labor cost management. Crunchtime is used by massive franchise chains including Chipotle, Five Guys, Dunkin and Domino’s.
Arrive Logistics is a freight company that offers multimodal transport for goods. It operates a network of more than 4,000 shippers, which can be booked directly through the ARRIVEnow Carrier platform. On the platform, clients can select shippers based on cost per mile and estimated delivery parameters.
Intuitive is a medical technology company that specializes in niche products for minimally invasive and robotic-assisted surgeries. The company is famous for the Da Vinci, an industry-disrupting robotic surgical system used for prostatectomies and cardiac valve repairs. The Da Vinci allows a surgeon to perform procedures using precision multi-jointed instruments, which are capable of feats of motion and stamina that are impossible for the human hand.
Justworks is an organizational software company that offers a professional employer organization, or PEO, platform. PEOs function as external human resources departments, offering admin support for tasks like payroll and benefits administration on an outsourced basis. The Justworks PEO is built for small and medium-sized businesses to handle payroll, HR, compliance and benefits access from a simple dashboard.
Aesop is an Australian cosmetics and beauty company. It makes products for skin, hair and body care, which are stocked by many of the world’s top hotels and first-class airline cabins. The company is owned by L’Oréal and operates nearly 250 brick-and-mortar locations worldwide, each of which is notable for having a unique bespoke design theme.
Workiva is a software and financial technology company that makes products for financial and ESG reporting, audits and risk management. It pulls data from client business processes and analyzes it for insights, which offers returns that the company boasts can reach 204 percent ROI. Because ESG reporting is labor intensive, the time savings achieved by transitioning to Workiva’s automation-based workflow can be significant.
The Chemours Company is an American chemical company that spun off from DuPont in 2015. It manufactures industrial products for the electronics, automotive and paint product categories, which include the PFAS variety of fluoropolymers, which have tremendous potential for use in the clean energy sector. The company also manufactures Teflon, titanium dioxide and gasses for refrigeration.
