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Mexico ranks 15th in the ranking of the largest economies in the world and second among Latin American countries. Up to 80% of Mexico's exports go to its main trading partner, the United States. About 90% of the total export portfolio of the country is occupied by the industrial production sector. Therefore, it reacts extremely painfully to signs of a possible recession in the United States, and the macroeconomic indicators of Mexico largely depend on the economic situation in this country.
The revenues of companies located in Mexico are highly dependent on the exchange rate of the Mexican peso.
Mexico is not coping well with the pandemic and is in the top countries in terms of mortality (9.8%). Mexican President Andrés Manuel López Obrador has named Coca-Cola as the leading cause of the country's high death rate.
In Mexico, vaccinations by age group are available from December 24, 2020. The vaccinations were carried out sequentially according to the vaccination plan originally established by the Mexican government. This has been delayed by about a month from the
original schedule, depending on the state of supply and demand for the vaccine.
There are already large companies in Latin America that provide access to electronic payments: Rappi and Mercado Pago. OXXO's 20,000 store competitive advantage is diminishing in importance during the global pandemic. Commissions come to the fore. On the other hand, the OXXO brand, familiar to every Mexican, 14 million debit cards and network points where you can pick up goods ordered online, give the company an opportunity to compete for leadership. In the next couple of years, we will see a stabbing in the electronic payments market in Mexico in the best traditions of the Narcos series. FEMSA has everything it needs to create a successful e-wallet and capitalize on the country's transition to the digital economy.
Mexico ranks 15th in the ranking of the largest economies in the world and second among Latin American countries. Up to 80% of Mexico's exports go to its main trading partner, the United States. About 90% of the total export portfolio of the country is occupied by the industrial production sector. Therefore, it reacts extremely painfully to signs of a possible recession in the United States, and the macroeconomic indicators of Mexico largely depend on the economic situation in this country.
The revenues of companies located in Mexico are highly dependent on the exchange rate of the Mexican peso.
Mexico is not coping well with the pandemic and is in the top countries in terms of mortality (9.8%). Mexican President Andrés Manuel López Obrador has named Coca-Cola as the leading cause of the country's high death rate.
In Mexico, vaccinations by age group are available from December 24, 2020. The vaccinations were carried out sequentially according to the vaccination plan originally established by the Mexican government. This has been delayed by about a month from the
original schedule, depending on the state of supply and demand for the vaccine.
There are already large companies in Latin America that provide access to electronic payments: Rappi and Mercado Pago. OXXO's 20,000 store competitive advantage is diminishing in importance during the global pandemic. Commissions come to the fore. On the other hand, the OXXO brand, familiar to every Mexican, 14 million debit cards and network points where you can pick up goods ordered online, give the company an opportunity to compete for leadership. In the next couple of years, we will see a stabbing in the electronic payments market in Mexico in the best traditions of the Narcos series. FEMSA has everything it needs to create a successful e-wallet and capitalize on the country's transition to the digital economy.
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