MIAMI, FL — With U.S.-Mexico trade booming, and the near-shoring trend gaining momentum, Mexico is becoming a key strategic market in global supply chains.

That was one of the big takeaways from the recent Ryder System second annual thought leadership forum in Monterrey, Mexico put together in cooperation with the private university Instituto Tecnológico de Monterrey. 

The event featured a gathering of senior Mexican leaders in transportation and supply chain from various industries including food, beverage, automotive, and consumer packaged goods (CPG) who provided strategic insight and new ideas.

During the event, a presentation entitled “Supply Chain Innovations in Emerging Markets,” was conducted by Dr. Edgar Blanco, Research Director in the Center for Transportation & Logistics (CTL) at the Massachusetts Institute of Technology (MIT).

Blanco’s presentation highlighted the importance of innovation and the types of changes currently being made in the logistics sector that are adding value to supply chains around the world.

 “Today’s consumers demand convenience and speed, said Blanco. “Whether it’s in-store or online, pick up or same day delivery, they want more choices to get the products they want, when and where they need them, and this means companies need greater supply chain visibility, and flexible distribution networks to accommodate their needs.”

He said supply chain operations in Mexico have a great potential to become a premier solution for various industries and businesses, especially with the inclusion of the latest advances in technology.

Ryder System provides commercial fleet management, dedicated transportation, and supply chain solutions with operations primarily in the U.S., Canada, Mexico and the U.K., as well as in parts of Asia.