Snapshot of Latin America's B2B E-Commerce Marketplaces 2024

Snapshot of Latin America's B2B E-Commerce Marketplaces 2024

Snapshot of Latin America's B2B E-Commerce Marketplaces 2024: By 2024, 80% of B2B transactions in Latin America are expected to take place online. Insights from yStats.com.

The latest report from yStats.com, titled ""Snapshot of Latin America's B2B E-Commerce Marketplace 2024"" reveals an overview of the region's B2B E-Commerce Marketplace landscape, with a focus on the digital transformation occuring throughout Latin America. This report highlights the critical role B2B marketplaces play in modernizing traditional business practices, with a particular focus on the Brazilian market.

Latin American B2B Marketplaces Boost Regional Digitalization: Tech Advancements and Market Potential

B2B E-Commerce in Latin America is on track for strong growth, with online transactions set to dominate by 2024. The adoption of AI and automation is speeding up digital transactions. Platforms like BEES lead this shift with advanced tools for inventory and orders. Over 30% of millennial buyers now prefer digital interactions. Moreover, companies like Infracommerce enhance efficiency and meet modern buyer needs.

B2B Marketplaces Empower SMEs Across Latin America

B2B platforms are opening new markets and streamlining operations for SMEs. Sooper, a Brazilian marketplace, offers credit and next-day delivery, helping SMEs cut costs and manage inventory more efficiently.

Challenges and Growth Opportunities for Players

Despite challenges like economic instability and infrastructure gaps, innovation is driving growth. Investments from firms like ABSeed and NXTP support marketplace expansion, with platforms like Meru and Zax.com showing the region’s digital potential.