Mercado Livre wants to improve deliveries to customers

Among other things, the money will be used to build distribution and contracting centres for logistics and technology.

After advancing in the marketplace and financial area, the company allocates most of the BRL 10 billion of investments in 2021 to logistics

By: SiiLA News

03/12/2021

There is a long way for Mercado Envios before it becomes a business venture. The R$10 billion in investment for 2021 is the same as what was invested in the last four years. Among other things, the money will be used to build distribution and contracting centres for logistics and technology.

Using the resources to start a dispute over Correios is completely out of the question. “Correios are not designed for the efficiency we seek,” says Stelleo Tolda, president of Mercado Livre. “As Brazilians and large users of the service, we want it to improve, but our model is different.”

Read full story (in Portuguese).

Subscribe to our Newsletter .

Latam

Brazil

National

Industrial

Market Analytics

Retail And E-Commerce

ABOUT SiiLA

Founded in 2015, SiiLA is the industry leading REsource for comprehensive commercial real estate market insights, news and events across Latin America. The SiiLA suite of innovative products drive greater accuracy, efficiency, and strategic advantages for top players in the commercial real estate industry.