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Loggi feels e-commerce stagnation effects

Image by Loggi
Image by Loggi
By: SiiLA News
08/09/2022
The Estado de São Paulo newspaper published an article about the changes happening within Loggi, a Brazilian technology and logistics company considered "unicorn" - terminology used for startups valued over US$ 1 billion."The world and Brazil were plagued by strong opposing forces in 2022. 

We had the return of inflation, amplified by the war in Ukraine, the collapse of stock markets and the spectre of a global recession. These forces, which seem far away, are having a huge impact on our business," Fabien Mendez, CEO and co-founder of the company, told the newspaper as he announced that the company has laid off 15% of employees after e-commerce stagnation.

The report also mentions that "In November last year, the company opened a delivery shed in Cajamar (SP) worth R$ 150 million - the forecast is that the facility would process 1 million packages per day until 2023. These numbers, however, have been reviewed."

Latam
Brazil
National
Industrial
Market Analytics
Retail And E-Commerce

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