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Amazon zooms in on central Mexico for large new warehouse
Source:Reuters Mexico From:Taiwan Trade Center Mexico Update Time:2018/12/07
Amazon

Amazon.com Inc. is scouting for land in central Mexico for a 4th distribution center in the country, sources said, aiming at the biggest slice of the burgeoning e-commerce market in Latin America´s second-largest economy.

The retail titan´s target is Queretaro state in the industrial center of Mexico, where it is looking to hire a developer to build a large hub, two real estate professionals familiar with Amazon´s property hunt said. They asked not to be named because Amazon has not announced its plans.

The expansion plan highlights Amazon´s intent to plant roots beyond Mexico´s bustling capital, banking on the nations potential to grow into an e-commerce engine of Latin America.

Online shopping in Mexico comprised just 3.0% of total sales last year, according to market research firm Euromonitor International, but it is projected to become more than double by 2022, reaching US $14 billion.

Querétaro, 114 miles north of Mexico City, is within a day´s reach of Monterrey and Guadalajara, two of Mexico´s most populous regions. It also sits in a cluster of middle-class cities in the Bajio, a region dense with automotive and aerospace plants.

 

Source:Reuters Mexico(https://www.reuters.com/places/mexico)