Quincus —a supply chain optimization startup— has recently opened operations in Mexico and Colombia to tap into Latin America’s emerging tech infrastructure and e-commerce markets. Newspaper FreightWaves has compiled key data about e-commerce growth in these countries that could explain Quincus’ decision, including Colombia’s analysis by Americas Market Intelligence that is updated every year in our e-commerce data pack.

The e-commerce market in Colombia grew by 20% in 2021 to reach $18.8 billion, according to Americas Market Intelligence (AMI), a Florida-based business research and consulting firm. AMI said the e-commerce market in Colombia could reach $34.5 billion by the end of 2024.

The full story can be found here.