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HomeBusinessLogistics Chain Issues Threatening to Create Crisis in Local Market

Logistics Chain Issues Threatening to Create Crisis in Local Market

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(Barbados Today) Barbados is firmly in the clutches of an “extremely serious crisis” of the global supply chain, that will undoubtedly result in tremendous price increases.

This is the conclusion of the Minister of Energy, Small Business, and Entrepreneurship, Kerrie Symmonds, after a careful review of the current business climate as well as following close consultations with the Barbados Chamber of Commerce and Industry (BCCI).

So serious is the current situation that a BCCI working group with representation from Symmonds’ ministry is expected to present an urgent list of recommendations to Prime Minister Mia Mottley outlining what they believe is the most appropriate response.

The minister explained that contrary to some popular suggestions, Government is “glued” to the factors responsible for the controversial hike in petroleum prices, which, according to him, are symptomatic of a much larger problem.

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