Diversification Is Key: China or Mexico?

©iStock/Racide

Global small business owners get it.

If there is one thing the pandemic taught the world, it was that we are over-reliant on China for everything from the key ingredients used to make cleaning agents to pharmaceuticals, surgical masks to personal protection equipment. That’s not diversification of risks. 

So where are people turning to?  Mexico.  And according to Foley & Lardner, many U.S. executives are pretty enthusiastic about it.