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Story Highlights

  • The analysis involves a high-level benchmarking of Jamaica’s offerings against key international competitors, based on current and future industry trends.
  • Small businesses are critical to the logistics industry in any part of the world and Jamaica is ensuring that MSME entrepreneurs are included.
  • Government is paying close attention to information and communication technologies (ICT), which are central to logistics.

Minister of Industry, Investment and Commerce, Hon. Anthony Hylton, says the sectors targeted with potential for the Jamaica’s Logistics Hub Initiative, will be determined based on a detailed analysis to be commissioned.

He points out that the analysis involves a high-level benchmarking of Jamaica’s offerings against key international competitors, based on current and future industry trends.

“The purpose of the exercise is to identify the most promising sectors, sub-sectors and business functions as potential targets for Jamaica’s Global Logistics Hub,” Mr. Hylton informed.

He was addressing the Jamaica Logistics Hub Symposium for Jamaican companies and investors, held at the Jamaica Conference Centre, downtown Kingston, on January 21.

The Minister reiterated that small businesses are critical to the logistics industry in any part of the world and Jamaica is ensuring that micro, small and medium enterprise (MSME) entrepreneurs are included in the economic zones.

He also noted that the Government is paying close attention to information and  communication technologies (ICT), which are central to logistics.

“Efficient physical flow of goods must be supported by robust information systems that meet global standards. The Jamaican private sector is replete with many ICT professionals, and the success of the Jamaica Logistics Hub Initiative will depend on inventive IT value added solutions and services,” the Minister argued.

Mr. Hylton emphasised that Jamaicans must not harbour any doubt that the country can become that fourth node in the global logistics and supply-chain system.

“In the final analysis, the bid by two of the world’s leading port operators based in two of the existing hubs, to win the concession for the Port of Kingston, and with it the obligation to invest millions of US dollars to expand and modernize the port facilities, is tangible evidence of support for Jamaica’s claim,” he said.

On his overseas visits to the other hub locations, Minister Hylton said the clear message from these missions is that Jamaica’s logistics hub will be an asset to the global investor and business community.