With only a week left until Election Day, we hope that you all either have voted or will vote!

We are attaching two reports by Moody’s Analytics and Supply Chain Dive on the position of both candidates on supply chain and the possible macroeconomic consequences of the economic proposals they have put forth.

Also on the supply chain side, here is a report by McKinsey on the rebalancing act facing many companies in goods-producing value chains as they seek to get a handle on risk (a la COVID-19). The very detailed report concludes in part:

“Today, much of the discussion in advanced economies about resilience revolves around the idea of reverting to domestic production as a 'flight to safety.' The geographic footprint of production and supply chains does need to be reevaluated periodically as the environment changes, and heavy dependence on one geography can be a vulnerability. But companies and countries have a wide range of options at their disposal. Increasing local production is only one of them—and it is not a guarantee of robustness in and of itself, nor is it always feasible. The toolbox is much bigger than the current debate would seem to indicate.”

On globalization, our Chamber recently did a webinar on “The North American Trading Bloc in a World of Globalization” with speakers on the U.S. (Ambassador Rufus Yerxa), Mexico (Valeria Moy), Canada (Colin Robertson), and the North American trading bloc (Eric Miller). Their excellent comments can be seen at https://youtu.be/o7YfkY17yLo. The slides from the event set the scene for the overall topic.

We will be having two webinars coming up on the auto industry and technology in Mexico following the implementation of the USMCA. Then, in the beginning of the new year we will review the prospects for trade and investment policy in the new Administration (whichever that will be).