Image credits: Mark König, Unsplash
Weekly Roundups

Mexicans Adopt Online Shopping as Their New Normal

By MBN Staff | Thu, 06/25/2020 - 11:36

The pandemic forced people to change their daily routines and habits. Some, like the use of e-commerce as the main source of consumption, are here to stay. According to a Bridge Research study, 35 percent of Mexicans increased the time they spend shopping online since lockdowns began.

"The advantages of online shopping that several have discovered and some habits that have been acquired in these months, will remain part of the new normal. The study highlights that 56 percent of respondents are satisfied with the ease of online purchase of food, drinks and cleaning products, while 52 percent are satisfied with the ease of online purchase of various products such as clothing, books and household appliances,” said Adriana Peón, Industry Lead for Facebook México in a statement.

But this crisis meant a turning point for many companies, which had to accelerate their e-commerce strategies to stay in the market. At the same time, many questions arise and companies are still looking at what is the best method to approach customers, retain them and even what is the best marketplace to sell their products or services.

More news below:

  • The government hopes that up to MX$100 billion (US$4.4 billion) can be collected from digital platforms in taxes. "We are just starting to work on the issue of digital taxes but to have an order of magnitude, once we have a stable mechanism this should represent more than MX$100 billion (US$4.4 billion) in taxes like VAT and ISR,” said Minister of Finance Arturo Herrera.

  • COVID-19 has forced people to use digital tools such as digital banking. Fintonic already helps more than 500,000 users to manage their personal finances and is now seeking to offer a transparent banking model. "In Mexico, interest rates are very high and I would be delighted if players like Fintonic joined the market to incentivize healthier competition, which only benefits users," said José Gabriel Carrasco, Country Manager of Fintonic Mexico in an interview with Mexico Business News (MBN).

  • Apple will start using its own processors in Mac computers. The company will use Apple's ARM processors to bid Intel and its x86 architecture farewell, which has been used for the past 15 years, the company said during the Apple Worldwide Developers Conference 2020 (WWDC).

  • On Tuesday, Virgin Galactic ramped up its efforts in the commercial space race by signing an agreement with NASA to offer flights to the International Space Station (ISS).

Photo by:   Mark König, Unsplash
MBN Staff MBN Staff MBN staff