Pandemic rapidly accelerating e-commerce in mexico
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COVID-19 has significantly altered consumer shopping patterns across Mexico, according to industry insiders. Mexico’s largest e-commerce platforms — WalMart, Amazon and MercadoLibre — all
reported gains in users and revenue during the second quarter of 2020. Walmart de Mexico (BMV: WALMEX.MX), Walmart’s Mexico unit, reported online sales grew 217% in the second quarter and
now make up 4.5% of total sales in Mexico. Walmart is the largest retailer in Mexico. "As social distancing measures became more stringent, customers embraced pickup and home delivery
services even more, and e-commerce demand tripled," said Ignacio Caride, WalMart de Mexico’s head of e-commerce, during a conference call on July 23. During the second quarter, WalMart
de Mexico doubled its last-mile capacity, streamlined its same-day delivery from stores to less than 72 hours, and hired more than 2,600 order pickers to help with the demand, Caride said.
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