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00:00:00
>> Amazon is preparing for a much deeper push into Mexico. Reuters learning exclusively of Amazon's plans to build a one million square foot warehouse near Mexico City, which would triple its distribution space south of the border. With that amount of square footage, Amazon could add larger, more expensive items to the products available to Mexican shoppers.
00:00:23
And that could help win over more of the 120 million available customers there. So far, Amazon has seen some success, but Mexico is still a cash and carry economy, says Reuters Mexico correspondent Dana Beth Solomon.>> Amazon has now risen to third place for e-commerce in Mexico, and it seems to be winning over millennials in Mexico City.
00:00:45
Who say that they can find items like books and electronics and clothing more easily in Amazon than in stores. However, other Mexican shoppers say they don't always trust websites with their bank information. And they're worried about credit card fraud.>> Four Mexico City real estate professionals familiar with the plan say the warehouse will be ready next year.
00:01:07
Amazon declined to comment, but did say it wants to address concerns Mexicans have about online shopping, speed of deliveries, and, of course, vastly increase the number of products available for purchase. Experts say if Amazon follows its typical setup, the new facility could house 50 million products, make up to a million deliveries a day, and put up to 3,000 people to work.
00:01:31
Those jobs, however, would be Mexican jobs, a point likely to further strain relations between Amazon CEO Jeff Bezos, who also owns the Washington Post, and the White House. The Washington Post, often a target of the President's criticism.