Mexico slow to move from US supplier to global player
Mexico relinquished its position as the leading apparel exporter to the US in 2002 – and last year its share of the US market was a meagre 7.4% compared with China’s 25.9%. But while Mexico is no longer a cheap production base, it can still benefit from its proximity to the US and a large domestic market keen for luxury labels. By Jozef De Coster.