Mercado Libre, one of the largest marketplaces with a presence in Latin America, reported that for this year it plans a total investment of 1,475 million dollars in Mexico, an amount 34% higher than that registered in 2021 and that most of it will be destined to distribution and logistics operation.

"Basically it represents 67% of all the investment we have made in the last 5 years that we are going to make this year," said David Geisen, general director of the company in the country, at a press conference.

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The manager indicated that investment will be made in the logistics network, which will continue to grow and accompany the demand of the end user, for this there will be more distribution centers, more last-mile capacity, faster deliveries and all this obviously requires investment in both infrastructure and technology and people.

At the same time, they will be promoting the growth of both consumer and business credit, we finance vendors who sell products through our platform and in the physical world, we finance businesses that use our payment solutions to process their sales, payments in point and in QR, he indicated.

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The manager highlighted some of the results that the company obtained in Mexico in the fourth quarter of 2021, such as achieving a growth in its net income of 96%, compared to the last quarter of 2020, the highest in the Latin American region .

In addition, in the marketplace in the volume of products sold they registered a growth of 33% in value or 22% in units. 67% of the products sold last year left one of its 4 storage and distribution centers. And 90% of the packages sold were transported through its logistics network.

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