Manufacturing Magazine October 2024 | Page 10

MONTH IN REVIEW

MATTEL : PLAY , RECYCLE , REPEAT
Mattel is revamping its sustainability efforts with its PlayBack Program , which allows customers to return toys for recycling or repurposing . The company aims to cut plastic packaging by 25 % by 2030 , focusing on circular economy principles . With innovative packaging designs and a commitment to reducing waste , Mattel is transforming toy production to align with environmental goals while maintaining its cultural impact .
BAIN & CO : MEXICO RISKS MISSING ITS NEARSHORING POTENTIAL
Mexico is seeing major manufacturing investment , especially from the US , yet faces six key challenges : weak supply ecosystems , lagging infrastructure , energy and water shortages , skilled labour gaps , rising crime and reduced competitiveness . Addressing these issues could nearly double Mexico ’ s exports by 2030 . As manufacturing ’ s global importance grows , Mexico ’ s ability to harness this potential remains crucial .
10 October 2024