Mexico can become a key player in maintaining North America’s competitiveness against Asia, stated Carlos Slim Domit, Chairman of the Board of Directors of América Móvil.
This is because the country offers:
Industrial relocation
Regional integration
Infrastructure investment opportunities stemming from the new technological and geopolitical era
During his presentation at the Ibero-American Summit of CEAPI, he affirmed that the productive reorganization driven by the United States will necessitate strengthening integration with Mexico and Latin America to maintain competitive costs and stability in supply chains.
“The only way for large companies to compete globally is through greater integration with countries like Mexico, Central America, and Latin America. If you move the entire manufacturing process to the United States, it becomes less competitive due to the costs associated with labor, energy, and many other factors,” he asserted. Slim Domit also considered that the new global era, marked by artificial intelligence, connectivity, and industrial relocation, represents a paradigm shift comparable to the agricultural and industrial transitions, although now occurring at a much faster pace.
“We are moving from being local societies to being global societies. This transformation is much deeper and much faster than previous ones and is based on universal connectivity,” he stated.
The businessman also emphasized that one of the country’s main challenges is for Mexico to maintain conditions of certainty for investment, even amidst a complex international environment.
“Previously, the lack of infrastructure was an obstacle to development as a country, and today it is a tremendous opportunity to attract investment, generate new projects, and boost economic activity,” he commented.
He also stressed that there is currently sufficient liquidity in investment funds, pension funds, and private companies to finance viable projects related to energy, logistics, and connectivity.
“Any viable project will undoubtedly find the resources to finance itself,” he noted. “Wherever you look, Mexico’s economic importance within this new wave of geopolitical reorganization and integration puts it in a very, very relevant position,” he explained.
Slim Domit also warned that speed of adaptation will be key for companies to survive the technological transformation and recommended maintaining a closer relationship with the markets.
Given this, he called for abandoning traditional models and adopting constant self-criticism to avoid falling behind in the face of new technologies.
“We all tend to defend models we’ve used for a long time when there are already more agile alternatives. I think the key is to have a much more self-critical process and constantly question how to make your model more efficient,” he pointed out.
“It’s going to be the best era of all.”
Despite global uncertainty and geopolitical changes, Slim Domit asserted that the new technological era will bring greater opportunities for inclusion and development.
“I have no doubt that this will be the best era of all. It will be an inclusive era and an era that will offer countless opportunities,” he emphasized.
Therefore, he explained that the priority will be to take advantage of the opportunities presented by the digital transition and accelerate the adaptability of governments, businesses, and citizens.
Source: msn
