CHICAGO, Ill.–The US now ranks first for e-commerce market opportunity, according to AT Kearney’s latest Global Retail E-Commerce Index. The press release noted continued growth, an improving economy, and higher consumer confidence helped the US nudge out China for top ranking.
In Latin America, Mexico appears to have burst onto the global e-commerce scene debuting at 17thplace. Meanwhile, Brazil and Argentina slipped because of logistics and transportation challenges in Brazil and government regulations in Argentina.
Not even ranked in 2013, Mexico is one to take note of in particular. According to AT Kearney, its young population and its close proximity to the US bode well for the future of e-commerce in the country. In fact, about half of Mexican online shoppers purchase from foreign websites. Solutions such as TNT and Redpack’s Redpost service. This allows Mexicans to shop at US online stores by way of obtaining a US address and then having goods delivered to Mexico, said the report. Goods are shipped through its shipping centre in Laredo, Texas, US. Retailers such as Amazon, Target and Newegg participate in this program.