Niche markets the way out for Barbados
By Andre Petite | Sun, July 08, 2012 - 12:01 AM()
The Trinidadians have a major manufacturing sector much wider than Barbados’ and always strive to be the best in that area throughout the region.
There is a serious paradigm shift in this country, and the people need to wake up and smell the coffee. If we don’t, we will be sailing on a ship that will be running aground in the near future.
This country has to look at the manufacturing of goods and boosting exports to gain power and control. If not, the Trinidadians will be in the areas which Barbados overlooks. The Trinis will attack with full force.
To compete with the Trinis on a large scale, we have to look at expanding and creating niche markets in destinations other than the Caribbean. We in Barbados have some really great products that some places in the world would die for.
There will always be a “war” between Barbados and Trinidad in terms of business, for Barbados is partly owned by Trinidad, if you look at how many businesses and banks are owned by it.
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