BRAZIL: Mercador says 80% of procurement will soon be handled online
Mercador, the e-marketplace serving the Brazilian supermarket sector, said it expects 80% of the industry's procurement requirements to be dealt with online within the next three years.. The company is set to reach operational breakeven later this summer, and CEO Paulo Afonso Feijo said that revenues already cover 90% of operational costs. "Our advantage is that the conventional Internet company has fixed costs. Thus, as revenues grow, the chances are higher of surpassing operational costs," Feijo said.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- Danone's Q1: four things to learn
- Who will buy Danone's Stonyfield business?
- Column: Why snacking is the new meal
- Nestle Q1 update: four things to learn
- Interview: Sir Kensington's on sale to Unilever
- Tyson shops Sara Lee bakery, Kettle and Van's
- Nestle to cut UK confectionery jobs
- Tyson to buy burger-to-entree firm AdvancePierre
- PepsiCo affirms full-year target as Q1 hits mark
- Icelandic to sell Saucy Fish Co. owner Seachill