Amazon announces $100 million logistics investment in Mexico

finance.yahoo.com/news/amazon-announces-100-million-logistics-050703674.html

MEXICO CITY (Reuters) – Amazon.com Inc said on Thursday it has invested $100 million in opening new warehouses in Mexico, including its first shipping centers outside the populous capital area, in a bid to offer faster deliveries.

Amazon is also striving to make inroads in Brazil, where it recently opened its fifth and biggest fulfillment center in the country, with 100,000 square meters (1,076,391 sq ft).

In both countries, which are the biggest economies in Latin America, Amazon is vying with local rivals for shopper loyalty, despite its ranking as the world’s biggest online retailer.

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Amazon kept investing into Brazil and Mexico to grow the prime memberships internationally. With better logistics investment and more warehouses built, these will bring more value to the amazon shareholders.