Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

Amazon.com to open distribution center in Northeastern Brazil in 2020

Published 2019-12-12, 02:15 p/m
Amazon.com to open distribution center in Northeastern Brazil in 2020
AMZN
-

By Gabriela Mello

SAO PAULO (Reuters) - Amazon.com Inc (NASDAQ:AMZN) said on Thursday it will open a distribution center in the northeastern state of Pernambuco, its second in Brazil, strengthening its logistics infrastructure to speed up deliveries and ultimately expand its footprint.

The move comes almost a year after the U.S. e-commerce giant launched its first in-house fulfillment and delivery network in Brazil, posing a challenge to local retailers and other international players like Mercado Libre.

It also follows the introduction of Amazon's Prime subscription service offering unlimited nationwide free shipping to Brazilian consumers.

"Today's announcement marks our long-term commitment with Brazil and, mostly, with our customers all over the country," Amazon's Brazilian country manager, Alex Szapiro, said in a statement.

The company did not disclose how much is investing in the new facility. It will be located in Cabo de Santo Agostinho, a municipality not far from Recife.

Amazon said it expects to kick off operations in the first half of 2020, reducing minimum delivery timing to two working days.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.