Amazon (AMZN) To Invest $100 Million In Mexico-Based Logistics

By Amit Chowdhry ● Oct 22, 2020
  • Amazon.com, Inc. (NASDAQ: AMZN) announced it will be investing $100 million in new warehouses across Mexico. These are the details.

Today Amazon.com, Inc. (NASDAQ: AMZN) announced it will be investing $100 million in new warehouses across Mexico, according to Reuters. Through the investment, Amazon will have two fulfillment centers: one near Monterrey and another near Guadalajara. Plus there will be a support building in the State of Mexico.

Altogether, these new facilities represent 69,000 square meters. And Amazon said that the facilities will create 1,500 direct and indirect jobs. Amazon had also opened 12 delivery stations, which brings the total to 27 in Mexico.

“The construction of a solid infrastructure network allows the company to stay closer than ever to clients, and thanks to that, it’s possible to offer fast deliveries,” said Amazon in a statement.

Now Amazon will have 5 fulfillment centers, 2 support buildings, and 2 classification centers in Mexico. Amazon launched its marketplace in Mexico in 2015.

Enrique Alfaro — the governor of the state of Jalisco — noted that the new local warehouse would be used to help more small- and medium-sized businesses ship products faster and more efficiently.

Disclosure: I have a small position of AMZN in my stock portfolio.