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Logistics Hub: Impact on Local Businessmen, Jamaicans, and Logistics Management Students

   

Added on  2023-04-25

8 Pages1793 Words89 Views
Running head: SUPPLY CHAIN 1
Supply Chain
Name:
Institution

SUPPLY CHAIN 2
Introduction
Jamaica, like any other country in the world, seek jobs, growth, and prosperity for its
people. The logistics hub is a major strategy that is being used to attain these results. The
strategic location of Jamaica has made the island a suitable destination for investors The
Jamaican government has focused on a strategic method to change Jamaica into a global logistics
hub. The global logistics hub in Jamaica is a growth and development strategy that is geared
towards a logistic centered economy. The main aim of the initiative is to integrate Jamaica into
the global value chain. The logistic hub program intentions are to serve as a progress enhancer
for the development of an economy that is a logistics center. This essay addresses the meaning of
the logistics hub to the local businessman and each Jamaican and its effects to me as a Logistics
Management student.
Logistic Hub and the Local Businessman
The logistics hub to a businessman in Jamaica embraces wider elements supporting
quality standards infrastructure and reform agenda as well rules that are aimed at opening ways
for the growth of small to medium-sized enterprises (SMEs) sector. Through improved
infrastructure in the country, a Jamaican businessman will be able to carry on business activities
without hindrance and this, in turn, increases their profit margin (Anderson, 2017). The logistics
hub initiative means that the Jamaican businessman will benefit from the efficient flow of
business activity through the unlocking of the private sector investment which is not only to
foreign investors but also to large local investors.
The logistics hub will make Jamaica be an arena for the use modern technology to plan
the design, packaging, production, and distribution of goods, a strategic depot for the storage of

SUPPLY CHAIN 3
natural resources, financial services, ship and airline repair, tourism, and legal services (Martí,
Puertas & García, 2014). More so, the logistics hub initiative will force policymakers and
businessman in Jamaica to look at the value chain and supply starting from research and
development to conceptualization of ideas, production, and design up to consumption putting
greater emphasis on sustainability and recycling programs in order to cope with both local and
global competition in the business industry. In addition, the logistics hub will give Jamaica a
greater opportunity to handle the high volumes of transshipped cargo and the suggested
development of an economic area will help in the expansion of the nation’s manufacturing sector
(Mohammadi, et al., 2016). Therefore, a businessman in Jamaican will be able to import and
export large of their products due to the efficient shipping routes to America that will be created
through the expansion of the canal.
Logistic Hub and each Jamaican
The infrastructural development in Jamaica which comes about as a result of logistic hub
leads to a certain degree of change to the environment. The government will have to work with
the stakeholders involved and be guided by the environmental impact assessments in order to
reduce the risk to the natural environment. This means that each Jamaican will live in a safe
environment. On the other hand, the logistics hub initiative will bring international investor as
well as other local business people will invest in the country due to the improved airline,
maritime, and other infrastructures (Neeraja, Mehta & Chandani, 2014). This will lead to the
growth of the economy hence lowering the living standards of each Jamaican. The logistic hub
also means that each Jamaican will have access to modern technology to carry out their daily
activities in different aspects of life. The Jamaican citizens will be able to transact business, carry
out their studies and access other services in an easy way.

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