May 1, 2011
by Natalie Feary
Despite the Mexican governments efforts in the war on drugs and GDP growth of 5.5% in 2010, a majority of companies in a recent survey on security say Mexico is now more dangerous than a year ago. Companies say they are increasing the amount they are spending on security measures.
Kroll, a risk mitigation firm, received almost double the response to its survey on the impact of security on the private sector than it received last year, according to David Robillard, managing director of Krolls Mexico office. The issue of security is definitely top of the mind as it is seen as one of the factors that contribute to investment decisions.
Transport, tourism and housing are just some of the sectors susceptible to Mexico’s deteriorating drug violence. Security costs are becoming a concern for Mexican companies.