Second Wave of Nearshoring in Jalisco.

Jalisco could face a second wave of foreign investment and industrial expansion, which could occur soon once the period of uncertainty caused by the U.S. midterm elections and the current administration’s trade decisions has passed.

Roberto Alvarez, president of the Jalisco State Industrial Parks Association (APIEJ), noted that some companies considering setting up operations in the state are putting their investment decisions on hold due to the uncertainty surrounding the United States-Mexico-Canada Agreement, as well as changes in the tariff policies of the United States.

“We are optimistic about the end of the year; industrial growth is set to resume. Right now, new companies have been on hold a bit due to uncertainty surrounding the USMCA, and obviously because President Trump changes tariffs from one day to the next, which also creates uncertainty for companies that aren’t based here in Jalisco,” Álvarez said.

Similarly, Álvarez Silva noted that some companies are already operating in Jalisco with plans to expand, suggesting that the pause is limited solely to companies that do not yet have a presence in the state and are awaiting clarity on the political and business environment.

“We foresee a strong second wave, for which we must be prepared with buildings already ready to welcome large companies, because they’ll arrive with very little time to spare—they can’t wait eight months for an industrial warehouse,” he emphasized.

The president-elect of the APIEJ has emphasized that investment could begin to pick up again, as expected after the international elections.

Even though some investment decisions have been put on hold, the industrial market in Jalisco continues to perform well, absorbing more than 240,000 m².