2020 was a challenging year. The recession and COVID-19 have resulted in the closure of thousands of companies and a large increase in unemployment.
To emerge from our current state:
- Mexico needs to innovate and invest in technology to remain competitive in our economic pillars, namely manufacturing and the maquiladora industry.
- Government leaders need to stop making changes that make it tougher to do business in Mexico.
- We need consistency from our government, so that companies can work on growing once again.
Changes are often made with good intentions, but not with an understanding of how companies will be impacted. Our economy, already pounded by the recession, faces a new challenge as companies must quickly adapt to unusual changes in foreign trade regulations, such as changes in product labeling requirements and tariff codes.
In addition to this, many times these process changes are implemented without the systems and infrastructure
to support them, which dramatically impacts companies with long delays and additional costs.
Let's hope recent Cabinet changes give us the certainty and stability for a prosperous 2021 and for years to come.
We thank all our Uline employees and all who have worked long hours during these pandemic times. We feel sad for families who have lost loved ones and companies that have had to close their doors. We can't wait for things to normalize and the kids to get back to school!
Let's stay united and optimistic, so that we may emerge better, stronger and able to face any challenge that comes our way in 2021.
Businesses of EAU Holdings – owned and operated by the Uihlein family.
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