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According to International Trade Administration (ITA), department stores were estimated as primary sales for the e-commerce segment accounting for 50% in the number of orders and 67% in revenues in the Latin America region. The building up of brand recognition with an audience of digital natives has also increased the supply chain in the region over the past few years. However, the high cost of logistics and reverse logistics for the transfer of products and goods, shortage of payment options in the region, and inefficient road connectivity are the constraints that challenge the growth of the market. Most of the logistics companies charge high for shipping and lacks tracking facilities. Conversely, the stepping of new players in the e-commerce industry is creating enormous opportunities for market growth in the country. These companies are significantly focusing on the development of their logistics and warehousing capabilities across the country to cater to a wide range of opportunities.
full report of Latin America E-Commerce Retail Market available @ https://www.omrglobal.com/industry-reports/latin-america-e-commerce-retail-market
- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Latin Ameria e-commerce retail market Report Segment
By End-Users
- Business to Consumer
- Business to Business
- Customer to Customer
By Product
- Electronics
- Fashion
- Books and Magazines
- Home Decor
- Healthcare
- Automobile
- Sports
- Beauty and Personal Care
- Kitchenware
- Others
By Device Used
- Smartphone
- Tablets
- Personal Computer
Latin Ameria e-commerce retail market Report Segment by Geography
- Brazil
- Mexico
- Argentina
- Rest of Latin America
The Report Covers
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the Latin American e-commerce retail market based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where in the market.
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