“We’re ranking number three in the world as an outsourcing destination, but we are not content with that. We want to be number one,” said Sandra Fuentes, Ambassador and Consul General of Mexico in New York, as she kicked-off an invitation-only event last week in New York City, sponsored by ProMexico and MexicoIT and hosted and organized by Nearshore Americas.
Fuentes hit a theme that dominated the evening’s discussion which centered on how Mexico is pivoting to become a more recognizable technology hub, based on a combination of pro-investment government reforms, an exploding tech entrepreneur community and accelerating trade between the U.S. and Mexico. “Mexico has been overlooked as an outsourcing destination, and in my view that has been unjustified.” said David Kane, Director of the Shared Services and Outsourcing Practice at KPMG.
Juan Coronado, Citi’s senior vice president for global sourcing, noted that there has been an increasing amount of competition for specialized IT talent in Mexico recently. He expects however for the demand to level out in about 18 months, citing a common trend among in-demand, rising outsourcing destinations.
About two dozen senior buyer executives were in attendance. Other discussion topics included Mexico’s capacity to compete with groups like Nasscom; the need for more visibility in the entrepreneurial climate and the quality of IT training in major universities.
In attendance were also senior sales and delivery executives from several global and Mexico-based services firms, including Neoris, ITEXICO, Softtek, Praxis, Hildebrando and Dextra.
Executives from Bank of America, Wells Fargo, MetLife, BNY Mellon and other Fortune 50 firms, were in attendance.
The focus of the session was about Mexico’s technology and economic growth and the significance that brings to major U.S. corporations.
Among the special guest speakers was Ambassador Sandra Fuentes, Consul General of Mexico in New York.
ProMexico, MexicoIT and Nearshore Americas partnered together to execute the networking event.
Carlos Vela Trevino, from Baker McKenzie’s Mexico City office, discussed new ‘pro-business’ reforms in Mexico.
A significant discussion point during the panel was comparing attrition in Mexico with attrition in India. (From Left: Kirk Laughlin, Nearshore Americas; David Kane, KPMG and Juan Coronado, Citi).
Hector Ortiz, CEO of Hildebrando USA, discusses his firm’s history and growth in the North America IT market.
An event featuring Mexico would be incomplete without the inclusion of high-quality Tequila.
The site of the special event was “The National” – an award-winning restaurant in mid-town Manhattan owned by celebrity Geoffrey Zakarian, who appears regularly on the Food Channel.