Afternoon Coffee: Toyota Expands Car Production in Mexico, Solar PV Demand Increases South of the Border

Toyota will invest $1 billion to build a new production plant in Guanajuato, Mexico, that is expected to begin operating in 2019. The new plant should produce about 200,000 vehicles a year.

Demand in Mexico for solar panels is trumping current supplies, according to a new report. The government has issued 3,030 megawatts worth of photovoltaic projects in the country between January 2014 and 2015, but current manufacturing PV capacity is at 450 MV.

Another report estimates the “Internet of Things” will have “game-changing consequences” on the supply chain, such as introducing more efficient warehousing operations and freight transportation. IoT is expected to generate $1.9 trillion for the supply chain and logistics operations, the report said.

Oil prices hit a high of 2015 today. Light sweet oil for May delivery reached $55.58 a barrel and Brent oil reached $59.95 a barrel.

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