E-Commerce Logistics Race in LATAM: Which Country Topped the Ranks in H1 2023?
With a projected market volume of $135.10 billion by 2027, Latin America (LATAM) is one of the fastest-growing e-commerce regions in the world today.
Driven by changing consumer behavior, expanding digital infrastructure, and growing internet penetration, the region has emerged as a flourishing market for online commerce and was named the fastest-growing regional market globally back in 2020. This upward trend is expected to continue at a Compound Annual Growth Rate (CAGR) of 12.77%, reaching an estimated market volume of US$133.40bn by 2027, according to Statista.
As part of this year's "E-Commerce Logistics Race" series, this article will take a deep dive into the e-commerce logistics performances in LATAM, with a focus on Argentina, Brazil, and Mexico. Let's begin!
Argentina Had the Fastest Transit Time of 1.6 Days in H1 2023
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