MercadoLibre (MELI) Plans More Mexico Warehouse Space in 2024 Investment – Bloomberg

MercadoLibre Inc, the Latin America e-commerce and payments juggernaut, is betting big on Mexico this year with plans to invest a record $2.5 billion in the country.

The capital will be deployed across both key business verticals and include everything from adding warehouse space and boosting its logistics network, to increasing loans, paying salaries and investing in marketing and technology, said David Geisen, MercadoLibre’s Mexico country chief. The investment plan compares with $1.6 billion spent there in 2023.

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