Posted onAugust 12th 2016
Distributors focus on growth in Mexico and beyond, as automotive, lighting, technology and solar markets hold promise. Economists trimmed their outlook for the Mexican economy earlier this year, citing soft global economic conditions and low oil prices that are hurting an already sluggish industrial sector. Forecasts call for growth of between 2% and 3% this year and next, however, reflecting the steady growth the region has seen recently—and ensuring that it remains a focus for North American companies in the electronics supply channel.
“The market is expanding and our business has been growing,” says Esteban Polanco, strategic sales director, Mexico, for Florida-based global distributor America II Electronics, which has been focused on growing its business in Latin America, especially Mexico, over the last few years.