Mercadolatin was born to solve the Mexican trade dilemma

Mexicans basically trade in cash, and insecurity, such as robbery, is particularly high, and if you are unfortunate enough to encounter it once, a year's worth of effort can be wiped out. So now more young business people want to trade from home, choose goods on the Internet to order, and have the goods delivered directly to the store by a courier company, which is fast and ensures the safety of their own property and goods.

Secondly, most of the goods in Mexico are not differentiated, which has led to most of the peers are selling the same brand and the same style of goods, fierce competition, profit margins are very low. As a result, more Mexican businessmen like to differentiate themselves (based on nearby peers) and like to choose different brands and styles of products to sell to their customers to get more competitive advantage and price advantage.

Mercadolatin.com came into being at this time. The founder, Zhengxiu Liu, has lived in Mexico for more than 20 years and deeply experienced the predicament of traditional trade. In 2018, Liu Zhengxiu founded MercadoLatin to specifically help this group of small and medium-sized wholesale customers by solving the problems of difficult customs clearance, high customs clearance costs, communication barriers, and low trust in payment.

MercadoLatin's technology includes a marketplace and application that connects local and foreign manufacturers in Mexico to the rest of the supply chain with a simple process and no price asymmetry, initially operating between China and Mexico. It works directly with quality-certified factories.

The traditional sourcing method has wholesalers spending a lot of time in the market to select and pick up goods, and involves a very large number of intermediaries, which often include as many as five middlemen. On top of that, there is the potential for fraud in the transaction. In contrast, MercadoLatin's customers can select and purchase products in minutes, and the company guarantees that they receive the product in perfect condition and at the best market price.

MercadoLatin becomes a one-stop store for small businesses, with the ultimate goal of becoming the Alibaba of Latin America.

We want to make sourcing and purchasing secure through technology-driven distribution, similar to Alibaba, so we connect all parties throughout the supply chain and allow them to buy the most affordable products at the lowest prices.

In just 3 years, MercadoLatin already has over 10,000 registered users and carries over 5,000 sku's of products.

The company is investing new capital in adding new verticals and categories, technology development and scaling its team. It is growing its revenue by 40% to 50% per month.(www.mercadolatin.com)

MercadoLatin is building an integrated B2B marketplace that will enable Latin American SMEs to source more efficiently from Asia, all through a single point of contact. By offering thousands of products, taking care of all logistics, billing and follow-up processes, and incorporating financial solutions, MercadoLatin will help strengthen the links between the global supply chains of Latin America and Asia.