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Latin America ecommerce growth outpaces other regions’ CAGRs

Latin America ecommerce growth continues as consumers increasingly incorporate purchases from online retailers into their shopping behavior. 

Globally, the COVID-19 pandemic heightened consumers’ trust and use of ecommerce for shopping. In Latin America, the pandemic actually helped jumpstart retailers’ and consumers’ ecommerce use in their day-to-day business or shopping behaviors. That ecommerce adoption lifted up Latin America to have the strongest five-year compound annual growth rate (CAGR) in 2022 compared with the […]

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