President of the Jamaica Chamber of Commerce, JCC, Lloyd Distant, says local manufacturers should consider pooling their resources in an effort to take advantage of global opportunities as the country recovers from the fallout caused by the COVID-19 pandemic.
Mr. Distant says the country’s economy was showing signs of plateauing, after many positive signs of growth in 2019.
Mr. Distant says COVID-19 has ravaged the country’s economy, pointing to a more than 80-per cent decline in tourism as an example of the effects of the coronavirus pandemic.
The JCC boss says the data shows the tourism industry might not return to the highs of last year until 2024.
But, despite the COVID-19 induced strain imposed on the economy, Mr. Distant says there are steps companies can take to rebound from the effects of the virus.
[Cart No: <Carts>Lloyd Distant – co-oper-tition – June 27 2020.mp3
Meanwhile, Mr. Distant is praising local companies who’ve already started taking advantage of opportunities created by the fallout from COVID-19.
Lloyd Distant, President of the JCC, speaking at a Kiwanis Club of North St. Andrew meeting, last evening.