标签： Jamaica

A stark divergence has emerged within Jamaica’s business community regarding the traditional Christmas bonus payments to employees, following the devastating impact of Hurricane Melissa. While major corporations maintain their bonus programs, numerous small and medium-sized enterprises (SMEs) are withholding these year-end payments due to severe financial strain caused by the Category 5 storm.

Garnett Reid, President of the Small Business Association of Jamaica (SBAJ), revealed that many member companies, including those in Kingston far from the storm’s direct path, have suffered sales declines of 20-30%. This economic pressure has forced them to cancel both cash bonuses and holiday festivities. Reid, who also owns Rent-A-Car Caribbean & Tours Limited, stated his own company would not issue bonuses after experiencing a 30% sales drop and numerous service cancellations as customers prioritize rebuilding efforts.

The challenges for SMEs are further compounded by an impending 7% electricity rate hike from Jamaica Public Service Company (JPS). This increase, resulting from Hurricane Melissa’s disruption to natural gas supplies and a 30% reduction in electricity sales, will significantly impact operational costs for businesses dependent on power for machinery, refrigeration, and computing.

Contrasting this outlook, several larger enterprises confirmed their commitment to maintaining performance-based bonus schemes. Red Stripe’s Head of Human Resource Management, Judon Bowen, emphasized their reward framework remains operational, with bonuses tied to individual and company performance targets. The brewery has additionally provided hurricane relief support to affected employees.

Similar commitments came from Fontana Pharmacy (contingent on final sales figures), Auto Channel Limited, and CSL Auto Sales Limited, whose directors noted their staff would receive bonuses alongside special hurricane relief efforts. Moon Palace Jamaica also confirmed bonus payments and traditional Christmas packages for employees.

This division highlights the uneven economic recovery across business sectors following natural disasters, with larger corporations demonstrating greater resilience while smaller businesses face existential challenges that force difficult decisions regarding employee compensation.

Jamaica’s prestigious coffee sector is navigating a complex recovery path as government initiatives face scrutiny from growers who argue that current support levels remain insufficient. The Jamaica Agricultural Commodities Regulatory Authority (JACRA) recently distributed 5,000 bags of fertilizer valued at $35 million to coffee farmers, representing part of a broader $120 million intervention package jointly funded by the agency and the national government.

This assistance falls under the Coffee Crop Resuscitation and Establishment Programme (CREP), a five-year strategy designed to establish nurseries and facilitate widespread replanting across both Blue Mountain and High Mountain coffee regions. JACRA’s acting director general Wayne Hunter confirmed the readiness of 10,000 seedlings for High Mountain varieties and an additional 15,000 planting materials for Blue Mountain cultivation, scheduled for distribution during the April planting season.

Despite these measures, Jamaica Coffee Growers Association President Donald Salmon expressed concerns about the pace and scale of support. “While we appreciate what we get from the Government… I don’t want to sound greedy, but we need much more. It is significant assistance, but the farmers are really hurting,” Salmon stated during the handover ceremony.

The industry has endured consecutive challenges from extreme weather events, including a devastating blow from Category 5 Hurricane Melissa on October 28. Preliminary estimates from Jamaica Coffee Exporters Association Chairman Norman Grant indicate losses reaching $1 billion, with accumulated deficits totaling $2.5 billion.

Agriculture Minister Floyd Green acknowledged the need for urgent CREP reforms, noting that the program required enhancement even before the hurricane’s impact. The government has allocated approximately $100 million specifically for coffee sector recovery, with focused attention on providing farming materials identified as critical needs by growers.

Minister Green revealed innovative approaches to addressing infrastructure challenges, stating: “The coffee roads require, in my view, a separate program.” The ministry is collaborating with the National Works Agency to develop cost estimates for specialized road rehabilitation in coffee-growing regions, recognizing the unique engineering demands of the mountainous terrain.

Salmon advocated for additional measures including revived insurance schemes for climate-vulnerable farmers and technological modernization of farming practices. He emphasized the global reputation of Jamaican coffee while highlighting structural challenges: “The farmers who produce 80% are either squatters, have no land title, are very small and capital starved.”

The association president concluded with a stark reminder of the industry’s foundation: “Without the coffee growers and the farmers there’s no JACRA for coffee. No exporter. So support us.”

In the wake of a sanctioned 7% electricity rate increase, Jamaican enterprises are facing intensified financial strain, prompting urgent calls from industry leaders to transition to solar energy solutions. Garnett Reid, President of the Small Business Association of Jamaica (SBAJ), has publicly advocated for this shift, citing the devastating economic aftermath of Category 5 Hurricane Melissa and the compounding pressure of rising operational costs.

The hurricane, which struck the island’s southwestern region on October 28, has precipitated a severe decline in sales, with reports indicating a 20-30% reduction in revenue for small and medium-sized businesses. Reid emphasized that this downturn, coupled with the newly approved utility hike, threatens the viability of numerous enterprises during the critical holiday season. ‘Many businesses will not experience a Merry Christmas,’ he stated. ‘They will either operate at a loss or barely break even.’

Electricity represents one of the most substantial input costs for Jamaican businesses, powering essential equipment from refrigeration and manufacturing machinery to computing systems. The increase, approved by the Office of Utilities Regulation (OUR), is attributed to JPS’s heightened reliance on costlier fuel alternatives after Hurricane Melissa disrupted natural gas supplies. The storm also caused an estimated 30% reduction in JPS’s sales, further driving up the fuel and Independent Power Producer (IPP) rates.

Reid expressed particular disappointment with the management of JPS and the perceived lack of transparency regarding a $150 million loan allocated to the utility for restoration efforts. He has called upon Energy Minister Daryl Vaz to provide clarity on the loan’s utilization, questioning whether it was intended to aid consumers directly.

To mitigate future vulnerability, the SBAJ president strongly recommends that businesses invest in solar power to achieve greater energy independence and cost predictability. Furthermore, Reid advocates for structural reform in Jamaica’s energy sector, urging the government not to renew the JPS contract under current terms and to encourage market competition to improve service quality and pricing.

KINGSTON, Jamaica — Naxos Trading has emerged as a significant player in Jamaica’s rapidly expanding digital marketplace, positioning itself as a premier destination for affordable quality products since its January 2025 launch. The online retailer has strategically aligned with 7Krave Marketplace, an established digital platform, to overcome traditional barriers faced by small and medium-sized enterprises in the Caribbean nation.

This innovative partnership leverages 7Krave’s robust technological infrastructure to address critical challenges including inventory management, delivery logistics, and digital marketing. Through the integrated mobile application, Naxos Trading has accelerated its market penetration while maintaining a customer-centric operational model that prioritizes accessibility and convenience.

The company’s product portfolio showcases an intentional blend of health-conscious and practical offerings. Shoppers can discover 100% natural deodorants, specialized personal care items including Neem Essential Care 5-in-1 Toothpaste, and Mine Botanicals Raw and Organic Skin and Hair Oils. The selection extends to globally recognized Kirkland Signature brand products such as Himalayan Pink Salt, premium olive oils, and organic virgin coconut oil.

Beyond wellness products, Naxos Trading addresses everyday practical needs with solar lanterns, utility storage solutions, automotive supplies including synthetic motor oils, and authentic Jamaican honey. This diverse merchandise strategy reflects a comprehensive approach to serving household, automotive, and lifestyle requirements.

Founder Mario Thomas emphasized the transformative impact of the partnership: “The collaboration with 7Krave Marketplace has provided a streamlined solution that enables entrepreneurs to list products efficiently, benefit from reliable island-wide delivery systems, and access thousands of daily platform users across Jamaica.”

Demonstrating corporate social responsibility, Naxos Trading has implemented a hurricane relief initiative offering customers a 10% discount using promo code RELIEF10 when purchasing items to support Hurricane Melissa recovery efforts.

Consumers can access Naxos Trading’s offerings via https://7krave.com/marketplace/stores/naxos-trading or through the 7Krave Mobile App available on major digital platforms.