E-commerce skews markets in Mexico

MXPE Weekly Essentials ft. Charlie Kirk in Mexico, judicial transparency, and other highlights in Mexican politics, policy, and markets from the past week.

MXPE Weekly Essentials. Only the most important news in Mexican politics, policy, and markets from the past week.

Uncharted Mexico: Online oligarchs

Source: AMVO

Cash-loving Mexicans were forced into e-commerce by the pandemic, but have since continued to adopt it at much faster rates than the rest of the world. Mexico’s rate of online retail adoption was the fastest on Earth in 2023, and it continues to grow more than 20% annually.

Now, as e-commerce starts to gobble up retail in the country, a worrying phenomenon is emerging, says Mexico’s soon-to-be extinct regulator, Cofece.