trending Market Intelligence /marketintelligence/en/news-insights/trending/txe_qsvjcoumipc-nfi2ea2 content esgSubNav
In This List

Report: Amazon to build new warehouse in central Mexico

Blog

Discovery+ dives into a crowded US OTT video market

451 Research Podcast

Next in Tech | Episode 42: AI/ML Infrastructure

Blog

Insight Weekly: US stock performance; banks' M&A risk; COVID-19 vaccine makers' earnings

Video

S&P Capital IQ Pro | Powered by Expert Insights


Report: Amazon to build new warehouse in central Mexico

Amazon.com Inc. is looking for a location Queretaro, a small state in central Mexico, for its fourth distribution center in the country, Reuters reported Oct. 17, citing unnamed sources.

According to the newswire, Amazon is searching for a 50-acre property where it can commission a warehouse spanning over 1 million square feet, plus office space.

The company is reportedly eyeing a bigger share of the country's growing e-commerce market. Brian Huseman, vice president for public policy, said at a recent event that Mexico's digital economy has "great potential" and added that "Amazon is here for the long run," Reuters reported.

Amazon already has three warehouses outside Mexico City that have a combined capacity of about 1.5 million square feet, the newswire added.