In a significant turn of events, the U.S. imported more goods from Mexico than from China in 2023, a first in two decades. This shift signifies a major change in global trade dynamics, aligning with the U.S.’s “friendshoring” strategy. This approach aims to diversify supply chains to allied nations, reducing dependence on Chinese imports due […]
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Family Enterprises Drive Latin America’s Economy
Family-owned companies in Mexico, Brazil, and Chile significantly influence Latin America, contributing 60% to the GDP and driving job creation, as EY and the University of St. Gallen’s 2023 report show. In Brazil, the leading 10 family businesses generated over $245.9 billion. Mexico’s top 10 family firms brought in $137 billion, while Chile’s leading six […]