Due to high demand, the Free Market (Free Market in Argentina) is planning a multibillion-dollar investment in its sales in Brazil. This Wednesday, 16 of March of 2023, the company announced an investment of R$ 19 billion for operations carried out on Brazilian soil.
Compared to the previous year, this represents 11,5% more in applied contributions. Like this, The objective is to be able to serve more cities in the country and increase the number of deliveries within one day. In the end, This type of order already represents half of online purchases made through the platform.
Increased transport capacity
Mercado Livre also announced that a sector that will receive a lot of investment, of uninformed values, is logistics. The company is planning to increase transport capacity by opening new parcel distribution centers.
Other than that, the Brazilian fleet of Mercado Livre planes will also be gradually increased. The company is betting on Brazilian transactions mainly after the growth in online sales during the pandemic, trend that has also continued after this period.
Company records record revenue
Mercado Livre is a South American giant that operates in the areas of Electronic Commerce and Financial Services and has been standing out for a long time.. No 4th quarter of 2022 the company recorded record revenue, exceeding experts' projections.
Only between October and December 2022, Mercado Livre earned US$ 164,7 million dollars. The forecast, according to data compiled by Refinitiv, was US$ 125,8 million. This was an important stimulus after the company suffered a loss of US$ 46,1 million.
The company's senior vice president of e-commerce in Brazil, Fernando Yunes, states that the new investments are precisely to maintain high revenue. The objective is to maintain this sales growth curve and higher margins throughout this year as well..
