E-commerce was already set to grow impressively in Latin America, but the coronavirus pandemic has changed things. One effect we’re seeing right away is a greater use of online shopping: Rappi, for example, told Portfolio.co that transactions increased by 40% on its platform during the first two weeks of March.
On March 26 we held a webinar to discuss how COVID-19 will be affecting e-commerce in Latin America, as well as logistics.
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Key data factoring in the impact of COVID-19 in 11 markets
John Price, AMI’s Managing Director, was joined on the panel by Lindsay Lehr (Payments Practice Director), and Diego Rodriguez (Logistics Practice Director, along with Jaqueline Bartzen, Head of Global Merchant Engagement for EBANX. Among the key data points covered:
- Current amount of coronavirus cases in key LatAm markets and total cases by May 2, 2020
- % of ICU beds to be occupied by coronavirus cases in Latin American hospitals
- LatAm’s overall coronavirus vulnerability compared to other regions
- Forecast GDP decreases due to coronavirus for LatAm in 2020 and 2021
- Projected e-commerce spend in Latin America by sector for 2020
- Projected e-commerce growth by sector in 2021 for Latin America
- Challenges in LatAm logistics due to country quarantines and border closings
- Disruptions in LatAm supply chains
And much more. Beyond the webinar presentation, you may find it useful to watch the Q&A session afterward, in which panelists answered a large number of questions from the nearly 1,400 attendees.