Saturday, June 10, 2023

Mercado Libre expands here

E-commerce giant Mercado Libre expanded on this border with a new distribution center located in the southeast of the city.

The 58,785-square-foot facility, one of the transactions completed in the first quarter of the year, is located in IGS’s newly constructed South Park.

The Grupo IGS industrial park consists of four buildings on an area of ​​14 hectares on Independencia #9020 Boulevard, very close to de las Torres Avenue.

The Mercado Libre building was one of 15 warehouses leased in the first quarter, reports Citius AG, a real estate corporate services firm.

According to the Mercado Libre newsletter, the company started the year well with encouraging performance across its business.

with more growth

This indicates that Mexico remains the segment with the highest growth in goods sold, reaching 29 percent year-on-year in the first quarter of 2023, which is in line with the country’s GMV growth without currency impact of 28.5 percent.

The document highlights that based on available industry data, it anticipates that its market share continues to grow, and also that brand preference metrics improve, reaching higher levels than at any other time. reaches.

This highlights that logistics remains one of our strongest competitive advantages in the country, where it has the most advanced fulfillment penetration and continues to have the fastest delivery times in most major urban centers for millions of items.

World Nation News Desk
World Nation News Desk
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