If my memory serves me correctly, it was on CVM at Sunrise a couple years ago, that I first heard of this concept-“Logistics hub” and of Jamaica’s fortunate geographical location in relation to the soon to be widened Panama Canal. Doctor Lloyd Cole who was being interviewed by Rohan Daley was so optimistic and strident in his views on the subject- which if I may add, seemed far from his area of expertise (medicine). So robust were his arguments that he inspired me to do some research. During my research I realised that this man, this medical doctor was not out of his wits when speaking on this subject matter. In fact, the subject matter was right up his alley, he saw that the Jamaican economy was ailing and was merely prescribing the medicine which he thought could help an ailing economy. It turns out the good doctor was as knowledgeable about this great opportunity for Jamaica as he was passionate.
Fast forward to the year 2013, the concept is on everyone’s lips: from the women and men in the street, to the men and women in establishments, lobby groups, and agencies across Jamaica. However, there are a few myths, misconceptions, and misunderstandings relating to the logistics hub which exists that I will attempt to clarify. The Government of Jamaica through the Ministry of Industry, Investment and Commerce is actively engaging the relevant stakeholders to make Jamaica the next global logistics hub. An important question though is, what comes to mind when one hears the term logistics hub? For me the control centre at an airport comes to mind.
“According to a report prepared by the Euro-Platforms group, a logistics hub is a centre or specific area designated to deal with activities related to transportation, organisation, separat...
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... right on the door way of Panama’s Canal. Cuba has a natural deep water harbour not requiring much dredging. However, Costa Rica does not. When Cuba’s port is completed they will be able to work any ship regardless of its size. This is not the case with Costa Rica. As things are now Cuba is our biggest threat regardless of the embargo place on them by the U.S.A. In fact relations between these two countries have improved and it is not out of the question for it to be lifted. What would this mean for Jamaica if we are found wanting?
At the end of 2014 work on the Panama Canal will be at an advanced stage, Jamaica needs to get quite a few things done to retain its comparative advantage. Generally, successive governments have been good planers but poor executers. We cannot afford to drop this ball, we have to see this through or else “vision 2030” will be nothing more.
Jessen, Anneke, and Christopher Vignoles. Jamaica: Trade, Integration and the Quest for Growth. Buenos Aires: Institute for the Integration of Latin America and the Caribbean, 2005. Print
Shipping goods through Detroit to the Port of Halifax provides the opportunity to use vacated industrial centers by repurposing these facilities for transshipment and manufacturing. Detroit as a transshipment hub provides a distribution system for goods to move to worldwide markets. Many manufacturers have failed due to a lack of an adequat...
Jamaica is home of the phrase “be happy, don’t worry,” and is a popular tourist spot that foreigners escape to for a temporary slice of paradise. Given the success of the tourist industry, it is easy to mistake Jamaica as a thriving country with the locals living blissfully in paradise; the clip from “Life and Debt” completely dispels these notions and introduces the negative effects that have developed from free trade policies that were recommended by the International Monetary Fund. International Monetary Fund representatives in the clip present globalization and free trade as a form of economic liberation that would bring Jamaica economic success despite its small size. An IMF representative in the clip states that, “Jamaica is a very small
The documentary Life and Debt portrays a true example of the impact economic globalization can have on a developing country. When most Americans think about Jamaica, we think about the beautiful beaches, warm weather, and friendly people that make it a fabulous vacation spot. This movie shows the place in a different light, by showing a pressuring problem of debt. The everyday survival of many Jamaicans is based on the economic decisions of the United States and other powerful foreign countries.
Our Logistics unit is driving for synergistic growth, developing and securing its links to Container Shipping
Browne, David V. C., and Henderson Carter. Atlantic Interactions. Kingston, Jamaica: I. Randle, 2008. Print.
International logistics requires many different options and requirements to be met in order for a company to operate internationally. It’s like a big puzzle that must be put together, in order for all the goals to be met. As described above, there are many options to consider, and sometimes what appears to be an option really isn’t. It is not difficult to hit a road block, and you must start over with a new plan. Once the logistics plan is in place, you must constantly look for improvements in order to maximize profits and goals.
In logistic industry, they have been through lots of challenge in worldwide market. As the containerization of the global economy scopes, a phase of development and explanation, ports find themselves inserted in ever changing commercial environment where logistics is the forefront. Thus, this industry reaches a phase of maturity and rationalization due to the process of logistic on land.
Outbound logistics: They are made up of centralized logistic centers to promote efficiency, global network, reduced emission of CO2 by 22% to ensure ecological sustainability and lastly to improve customer service.
...logistics solutions recently, and the demand for high quality logistics services is increasing. There is a constant pressure for greater efficiency, faster delivery times, lower fees, well IT solutions, upgrade physical infrastructure and high quality staff that can understand and fulfill a customer’s every need. The whole logistics industry has a great change which creates another pressure as IT enables customers and seller to skip “middleman” companies; and emphasize “just in time” delivery. This can increase the profit in a wide range of industries (Hong Kong Logistics Development Council, 2007). This shows that the fast development of e-commerce create a changes in local logistic industry. The local logistic industry has opportunities to expand their business and market. As a result, there is has a significant economic growth in Hong Kong’s logistic industry.
According to Council of Supply Chain Management Professionals (CSCMP) (Council of Supply Chain Management Professionals, 2013) logistics can be defined as the process of planning, implementing, and controlling procedures for the effective and efficient transportation, storage of goods, services and information from the point of origin to the final point - customer - for the purpose of meeting consumer requirements. Armstrong and Kotler state that in today's global marketplace it became easier to sell goods and services than getting it straight to consumer. Many firms have to decide what is the best way to handle, store and transport their products or services to make it available for customers in the right assortments, at the right time and the right place. (Armstrong, Kotler, 2013) Therefore, in order to ensure proper and free movement of products or services to the customer, it is necessary to share connection with marketing.
As an outcome of the thesis, my professional interest on the issue associated with the development of logistics sector has been enhanced. Furthermore, I am planning to keep an eye on the sector to enhance my knowledge which will benefit me and the organization I work for.
Logistics management is part of all levels of planning and execution -- strategic, operational and tactical. It is an integrating function, which coordinates all logistics activities, as well as integrates logistics activities with other functions including marketing, sales manufacturing, finance, and information technology. The complexity of logistics can be modeled, analyzed, visualized, and optimized by dedicated simulation software. The optimization of the use of resources is a common objective in all logistics
Economic Impacts. The economic impacts of logistics are described in highlights of four major areas: economic development and specialization, variety of goods, effects on prices, and land values. Logistics contributes to economic development by allowing firms to capitalize on comparative cost advantages in the production of goods and services by efficiently transporting goods to the market. The volume and variety of goods produced by firms is made available to consumers at places far from production points, frequently long after the goods have been produced. The availability of goods depends on the effective logistics performance of all firms in movement and storage functions. The creation of time and place utility by logistics activities may also contribute to lower prices. Improvement of logistics systems by firms, both technically and managerially, leads to many benefits on prices and the availability of goods. Transportation can affect land values when technical improvements occur. Improved transportation facilities increase the accessibility of the land, making it more useful and
Jamaica is an island located in the northwestern Caribbean Sea and is a nation of the Greater Antilles. This island was discovered by Christopher Columbus in 1494 and settled by the Spanish in the early years of the 16th century. It is said that the native people who inhabited Jamaica for centuries before were eventually eliminated and replaced by slaves who were brought in from Africa. It was shortly after (1655) that England apprehended the island and established sugar, cocoa and coffee plantation estates as a mean for building the economy. In 1834, slavery was abolished wherein approximately quarter million slaves were freed; slaves who later worked for themselves by becoming small farmers. In 1958, Jamaica increased its independence by joining other British Caribbean colonies in forming the Federation of the West Indies. Full independence was gained when Jamaica withdrew itself from the Federation in 1962. With this came some implications wherein the economy of the country started to fail. It was during the 1970s that this was especially evident where we see that these economic conditions led to great violence which affected all aspect of this small island, Jamaica. With all of that thought, Jamaica managed to stand upright as many rural and resort areas back then remain safe and eventually contributed to the sustainability of the economy.