How To Save Money On Plastic Injection Molding By Moving Production To Mexico
At one point in time, the thought of manufacturing products outside of the United States was unthinkable. However, in a global economy with an extremely strained supply chain, change is inevitable. Here's what you need to know about beginning your plastic injection molding in Mexico
What is plastic injection molding?
Plastic injection molding is a process where molten plastic is injected into a mold to create different shapes and parts. This process is widely used in manufacturing because it is quick, efficient, and precise. In Mexico, plastic injection molding has become increasingly popular due to the many benefits it offers businesses.
How Can You Save Money on Injection Molding Costs?
There are four main ways you can save on injection molding costs.
- Reduced labor costs
- Reduced material costs
- Reduced mold creation costs
- Reduce shipping costs
Reducing any one of the above areas can help you reduce your overhead while increasing your return on investment, or ROI.
What are the Benefits of Moving Your Plastic Injection Molding to Mexico?
Plastics Today reports that Mexico is experiencing a "manufacturing boom," and the available opportunities are starting to "lure" American companies. Plastic injection molding in Mexico has many benefits, including:
- Cost. One of the most significant benefits of plastic injection molding in Mexico is the cost savings. Labor costs are lower in Mexico than in other countries, which means businesses can save money on production.
- Proximity. Additionally, the proximity to the United States makes shipping faster and more affordable. Manufacturing items overseas requires the use of transport by tanker to notoriously clogged shipping ports. Mexico, however, is only a short drive for a semi-truck by land.
- Workforce. Another benefit of plastic injection molding in Mexico is the large pool of skilled labor. In the past, finding skilled labor with experience in injection molding and other manufacturing processes was difficult. However, Mexico anticipated the influx of manufacturing jobs and now has many qualified workers with experience. Businesses, in turn, can be confident they will receive high-quality products.
- Flexibility. Lastly, plastic injection molding in Mexico offers businesses flexibility. This type of manufacturing can be used to create a wide variety of products. In addition, businesses can produce small batches or large quantities depending on their needs, allowing businesses to pivot quickly to changes in demand.
Overall, plastic injection molding in Mexico presents a number of advantages for businesses. The lower costs, skilled labor force, and flexibility make this type of manufacturing an attractive option for business owners. When it comes to finding a place to manufacture your products, Mexico should move to the top of your list.