XB Fulfillment to Build US$60-million Industrial Park in ReynosaBy Antonio Gozain | Mon, 05/09/2022 - 18:03
US third-party logistics (3PL) company XB Fulfillment will invest US$60 million to open an industrial park in Reynosa, Tamaulipas, to grow its e-commerce operations, said the state government.
With 721,305 ft2, XB Fulfillment’s industrial park will become the largest facilities of a company in the history of Reynosa, said the Ministry of Economic Development and Employment of Tamaulipas: “With an investment of over US$60 million and the creation of direct, quality jobs, Reynosa consolidates itself as the fast track destination for business and a connectivity hub with a strategic location for the binational border development of Tamaulipas and Texas.”
Based in San Diego, California, XB Fulfillment offers its e-commerce clients tailor-made supply chain management services, including omnichannel order fulfillment and contact center services. In 2021, the company shipped over 19.8 million orders, with an average of 101,500 orders shipped daily, with a 99.93-percent inventory accuracy and a 99.99-percent on-time shipping.
XB Fulfillment has a similar park already operating in Tijuana, Baja California. The new industrial park is set to begin operations in Reynosa by 3Q22 and the created jobs will become available through the city’s Direction of Employment and Productivity, informed Tamaulipas’ Ministry of Economic Development and Employment.
E-commerce grew worldwide over the past years. In Mexico, during 2020, it reached a value of MX$316 billion (US$15 billion), which translates to 81 percent growth compared to 2019, wrote in MBN Fernando Thompson, Founder and Chief Innovation Officer, TBSEK. Mexico ranks second in Latin America for the highest e-commerce growth, behind Brazil.
In the US, e-commerce also took off. Total e-commerce sales for 2021 were estimated at US$870.8 billion, a 14.2-percent increase from 2020. E-commerce sales in 2021 accounted for 13.2 percent of total sales, according to the US Department of Commerce.
XB Fulfillment’s investment in Reynosa could take advantage of the expansion of the Anzalduas International Bridge, which connects four southern Texan cities to Reynosa. The initiative is set to encourage economic growth at the Rio Grande Valley, while generating revenue and attracting local talent by 2023.
E-commerce investments through industrial storage and distribution parks are expected to bring a 20-percent FDI increase in Mexico’s real estate sector, reported Milenio. Tamaulipas continues to play a key role due to its strategic location, which includes the Tampico, Matamoros and Altamira ports.