L.A. Biz and HSBC Bank USA, N.A. Educate Local Companies the Value of “Near-Sourcing”

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Their panel discussion provides an expert input into the challenges and benefits of entering the Mexican market.

In this event, L.A. Biz and HSBC Bank USA, N.A. have assembled the area’s leading experts to educate their audience in several aspects of 'Near-Sourcing' their production, manufacturing, or other business operations to Mexico.

L.A. Biz has always been a known source of information about local business trends. The community they have created with their online publication and various events offers not only the information but also the personal connections that local business owners need to grow the value of their enterprise. When it comes to Mexico, the 12th largest economy in the world that is also just a boarder away, L.A. Biz knew what their subscribers needed. This comes in the form of their panel discussion dubbed Mexico: The Benefits of “Near-Sourcing.” In this event, L.A. Biz and HSBC Bank USA, N.A. have assembled the area’s leading experts to educate their audience in several aspects of “Near-Sourcing” their production, manufacturing, or other business operations to Mexico.

Rising labor costs in China, and escalating distribution costs from East to West, are driving firms to re-look at production possibilities closer to home. With its wide network of Free Trade Agreements, competitive costs and its strategic geographic location to large markets, Mexico is re-emerging as an attractive trade hub. According to HSBC's Economic & Equity Strategy Mexico Handbook, Mexico is the 12th largest economy in the world and the second largest in Latin America in terms of GDP and is expected to be the eighth largest in the world in 2050. 

The expertise of the panelists proves they have a valid perspective in out-sourcing operations to Mexico. Steven T Brennan, the moderator, is the Senior Vice President and regional commercial executive for HSBC Bank USA, N.A. Steven leads relationship management and customer support for hundreds of clients who have “near-sourced” their operations. The panel also includes Antonio Peña, a shareholder at the law firm Greenberg Traurig LLP. Specifically, Antonio is a multi-cultural attorney who has a depth of training in the USA, Spain, and Mexico. He has advised clients on cross-border mergers and acquisitions, joint ventures, private-equity transactions, and financings throughout North, Central, and South America and the Caribbean which proves his authority to speak on how working in Mexico would impact your business. In addition to Antonio, Henry Esparanza is another panelist. As President of Co-Production International and Call Center Services International, Henry is very hands on with all clients. He has received many awards for his accomplishments; among them are Business Man of the Year by The World Trade Association and Entrepreneur of the Year by NMMI. Henry is actively involved by being a member of several organizations such as: Tijuana’s Economic Development Corporation (TIJUANA-EDC), Vice President of Promotion; US – MEX Chamber of Commerce, member of the Board of Directors; Otay Mesa Chamber of Commerce, member of the Board of Directors; Otay Mesa Industrial Association (AIMO), Vice President. Finally, rounding out the group is Jose Reyes, the Head of CMB in the Northwest Region for HSBC Bank Mexico.

This event is being held October 24th, from 7:30 – 9:30am, in the LA Hotel Downtown at 333 South Figueroa 90071. Registration to the event costs $55. For more information, contact Megan Foley at 704-973-1237 or visit http://www.bizjournals.com/losangeles/event/94971.

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Megan Foley

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