85% of World Trade is in bulk goods
Containerized cargo represents a small but very important fraction of global trade.
“Commercial Awareness Is Global.”
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Containerized cargo represents a small but very important fraction of global trade.
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Did you know? Services accounts for 30% of the value created in manufacturing
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Opportunities abound for the MSMEs in a logistics centered economy, moreover, many of these opportunities do not lie in the distant future but are here and now.
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A business friendly environment because it facilitates trade and investment is a large part of the foundational work being carried out by the Government of Jamaica.
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70-80% of companies engaged in logistics that are Micro, Small and Medium Enterprises
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What the logistics hub is intended to do is deepen and expand this participation.
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What Jamaica represents is a centralized location in the Americas where logistics and related activities can all be clustered on one island. Jamaica will become a platform for the use of digital technology to plan the design, production, packaging and distribution of goods; financial services; a strategic depot for the storage of natural resources, ship and airplane repair, legal services, tourism and so on.
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The development of Jamaica’s airfreight sector is indispensable and is a high priority for the Logistics Hub Initiative, even more so than its maritime counterpart. This is due to the fact that higher valued merchandise is usually transported by air and Jamaica’s air connectivity enhances our near shore advantage for goods destined to the Americas.
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The simplest answer is that ports and airports, while very important, in the main facilitate trade and economic activity while the SEZs are the drivers of economic activity, economic development and wealth creation for the people of Jamaica.
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Expansive special economic zones facilitating assembly, warehousing, sorting, distribution and other value-added services, particularly for industries catering to time sensitive and high-value cargo