It’s been an earnings season from hell for eCommerce companies, as global supply chain issues, Chinese lockdowns, the war in Ukraine, and unbeatable year over year comparisons are hitting them hard.
Latin America is one of the fastest growing regions in the world and if we include South America, accounts for a total addressable market of over 1 billion people.
ith planned expansion and infrastructure development for other markets such as Chile and Colombia, Mercado Libre should be able to fend off Amazon, at least in the near future, as it continues to develop other arms of revenue like Mercado Pago to offset its dependence on its Mercado MarketPlace platform.