Liverpool to Build Largest Logistic Platform in Latin AmericaBy Jorge Ramos Zwanziger | Fri, 01/29/2021 - 10:21
Riding the e-commerce boom, retailer El Puerto de Liverpool (Liverpool) will invest MX$25 billion (US$1.24 billion) in the development of the largest logistics center in Latin America 'Arco Norte Logistical Platform,' reports Inmobiliare.
E-commerce in Mexico saw exorbitant growth of 81 percent year-on-year in 2020 to reach MX$316 billion (US$15.694 billion) driven by the health crisis and the resulting changes in consumption habits, explains the Mexican Association of Online Sales (AMVO) in its 2021 Study of Mexican Online Sales. “The digital consumer continues to recognize the advantages of online shopping, even beyond price. Consumers can find products that they cannot find in other platforms and have them delivered to their front-step,” reads AMVO’s study. The association reveals that 9 percent of all retail sales in Mexico came from e-commerce.
This first stage of 'Arco Norte Logistical Platform' will represent a MX$7.5 billion (US$372 million) investment and is set to be finished by 1Q22. Alfredo del Mazo Maza, Governor of the State of Mexico, stated that once the project is finalized, it will be the size of three Azteca Stadiums, Mexico City’s most famous soccer stadium that has a total capacity for 87,000 people, reports Inmobiliare. Del Mazo stated that the project will generate more than 1,300 direct jobs and over 1,700 indirect jobs, which will benefit families in the northern part of the state.
The second stage will require more technology and will focus on facilities for clothing, smartphones and computers, among other technological products. This stage is planned to be finished by 1Q24. State of Mexico’s Minister of Economic Development Enrique Jacob Rocha said the project is proof of the logistical strengths of the state and a great way for Liverpool to adapt to the new e-commerce market.
Many other companies from the e-commerce and retail sector, like Amazon, Mercado Libre, Betterware and Walmart have also made large investments in logistics facilities, with the construction of such spaces increasing around 25 percent throughout 2020, reports Obras por Expansión. “Logistics operators have found it necessary to strengthen strategies for the implementation of end-to-end chains that are resilient, flexible and reliable to meet the new expectations and demands of a market that is more connected and in need for access to a greater amount of information,” stated Ricardo Álvarez, Commercial and Design Solutions Director at Ryder Mexico, reports T21.