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Senator Hill Wants Local Consortium to Undertake US$200M Caymanas SEZ Development

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Jamaican investors are invited to form a consortium to undertake the development of the proposed Caymanas Special Economic Zone (SEZ) in St. Catherine.

Minister of Industry, Investment and Commerce, Senator the Hon. Aubyn Hill, made the call, while addressing a Rebranding and Quality Recognition ceremony held at the AC Hotel by Marriott in Kingston recently.

He said that the Zone will cost approximately $200 million to be developed.

“Yes, we’re looking to foreigners [for investment] but I want to see a Jamaican consortium or business firm put that money together [and] become the master developer,” he said.

Minister Hill informed that the Zone is located on 650 acres of land owned by the Urban Development Corporation (UDC), and those persons who invest in the area will benefit from a renewable 50-year lease.

Investors will also enjoy tax-free benefits for an extended period.

Minister Hill said Jamaica has a wide spectrum of manufacturers, service creators, exporters, importers, and more, who may be able to undertake the development, “so I beg you, please find a consortium and take it on”.

The Zone will be managed by the Port Authority of Jamaica (PAJ) and once completed, will provide employment opportunities for Jamaicans.

SEZs are created to facilitate rapid economic growth in a country by leveraging tax incentives as a way of attracting foreign investments and technological advancements.

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Business Insights

RedPlate Group Limited: Corporate Profile

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About RedPlate Group

RedPlate Group Limited is a distinguished Caribbean-based investment holding company, specializing in equity investments across various sectors. Our diversified portfolio includes stakes in both established businesses and promising start-ups, with a focus on:

  • Business-to-Business (B2B)
  • Technology
  • Data-Driven Solutions
  • Integrated Fulfillment Logistics
  • Transportation Solutions
  • E-commerce
  • Mobile Payments

Our Companies

RedPlate Group encompasses a range of dynamic companies, each contributing to our overarching mission:

  • InterMetro Transit Jamaica
  • RedPlate Logistics and Fulfilment Group
  • RedPlate MarketPlace
  • RedPlate Technologies Jamaica Limited
  • RedPlate Financial Group

Innovative Business Model

RedPlate Group’s pioneering business model is poised to revolutionize the transportation and logistics sectors in Jamaica and the broader Caribbean. By leveraging cutting-edge technology, we address current inefficiencies, enhancing productivity and profitability across the value chain. Our holistic, horizontal integration of business units fosters seamless collaboration, creating a robust, technology-driven ecosystem.

Market Opportunity

Jamaica’s transportation and logistics landscape is currently fragmented and inefficient, posing significant challenges for businesses and commuters alike. RedPlate Group aims to resolve these issues by developing a cohesive and interconnected platform. This platform optimizes operations, maximizes resource utilization, and delivers an unparalleled experience for both corporate clients and end consumers.

Strategic Vision

RedPlate Group’s strategic vision is centered around building synergistic relationships and fostering a collaborative environment. Our approach not only fortifies the value chain but also enhances productivity and increases income for all stakeholders. By addressing the fundamental challenges within Jamaica’s transportation and logistics sector, we are paving the way for a more efficient and profitable future.

Conclusion

RedPlate Group Limited invites high net worth investors to join us in transforming the Caribbean’s transportation and logistics industry. Our innovative, technology-driven approach and commitment to excellence position us as a leader in the sector, offering substantial growth and investment opportunities. Together, we can achieve remarkable advancements and drive significant value for our stakeholders.

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InterMetroONE Superapp – Revolutionizing Jamaica’s Transportation Landscape

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InterMetro Transit Jamaica, a distinguished member of the RedPlate Group, is proud to announce the upcoming launch of the InterMetroONE SuperApp—a ground breaking initiative set to redefine the transportation and service delivery experience in Jamaica.

At the core of our mission is a steadfast commitment to providing every Jamaican with access to a modern, tech-driven public transportation service that is safe, comfortable, cost-effective, efficient, and reliable. The InterMetro SuperApp embodies this commitment by bringing together all our current apps and features into one comprehensive gateway—InterMetro.

 

Unveiling the InterMetro SuperApp: A Gateway to Convenience

The InterMetro SuperApp serves as a one-stop destination for a myriad of transportation and service-related needs, consolidating various offerings under a single platform. From InterMetro Bus Services to RedPlate Taxi rides, airport transfers, consumer food and grocery delivery, and business and personal courier services—the SuperApp seamlessly integrates these services for enhanced accessibility and convenience.

Moreover, InterMetro SuperApp introduces RedPlate +, an exclusive membership program offering members the privileged InterMetro and RedPlate experience across all our rides and delivery services. Members can enjoy a host of benefits, including exclusive offers, discounts, and personalized service enhancements.

Expanding Horizons: Future Enhancements

As we continue to evolve, the InterMetro SuperApp will expand its offerings to encompass a broader spectrum of services aimed at further enriching the lives of Jamaicans. Future additions to the SuperApp will include bill payments, remittances, money transfer services, phone credit topping, and same-day loan services—empowering users with unparalleled convenience and accessibility.

Empowering Jamaicans with Technology

The launch of the InterMetro SuperApp underscores our unwavering commitment to leveraging technology to empower Jamaicans and enhance their everyday lives. By consolidating diverse services into a single, user-friendly platform, we aim to revolutionize the transportation and service delivery landscape, making essential services more accessible, efficient, and convenient for all.

Join us as we embark on this transformative journey, driven by our conviction that every Jamaican deserves access to a modern, tech-driven public transportation service that prioritizes safety, comfort, affordability, efficiency, and reliability. With the InterMetro SuperApp, the future of transportation and service delivery in Jamaica is within reach.

www.inter-metro.com

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RedPlate Technologies Jamaica Limited: Corporate Profile

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Welcome to RedPlate Technologies Jamaica Limited

RedPlate Technologies Jamaica Limited, a dynamic subsidiary of RedPlate Group Limited, is redefining the tech landscape. As a pure technology company, our mission is clear: to foster growth and development by delivering essential services to companies within the RedPlate Group and third-party entities.

Our Commitment to Innovation

RedPlate Technologies Jamaica Limited actively seeks top-tier tech professionals to join our team, fostering an environment rich with expertise and shared resources. This collaborative approach amplifies our capabilities and drives continuous innovation.

Cutting-Edge Offerings

  1. RedPlate Managed Infrastructure
    • Elevate your business with our Infrastructure Monitoring services, ensuring peak performance, reliability, and availability of your IT infrastructure.
  2. RedPlate IT Security
    • Experience peace of mind with our Customized IT Security services, tailoring state-of-the-art security systems to the unique needs of your business.
  3. RedPlate Support and Technical Services
    • Address the global shortage of IT talent with our comprehensive technology capabilities. We cater to evolving business needs, providing crucial support for optimal IT management and governance.

Our services also extend to Website Design, Graphic Design, Web Development, Mobile Apps Development, and incorporating the latest technological trends.

Target Market

We specialize in serving Small and Medium-Sized Enterprises (SMEs) facing capital and human resource constraints, making it challenging to handle these services in-house.

Value Proposition

RedPlate Support and Technical Services act as an outsourced resource pool, positioning our offerings to meet the growing needs of businesses in an ever-evolving digital landscape.

Flexible Pricing Model

Choose the flexibility that suits your business: opt for our support and technical services on a monthly retainer basis or embrace the pay-as-you-go format.

RedPlate Service Desk

Our highly trained service desk professionals are committed to troubleshooting and solving your technology challenges. Rely on our dedicated team to ensure seamless technology operations for your business.

Embark on a journey of technological excellence with RedPlate Tech. We are not just a service provider; we are your strategic partner in navigating the complexities of the digital era. Join us as we redefine the future of technology together.

Deep Dive Company

Welcome to Deep Dive, a distinguished division of RedPlate Technologies Jamaica Limited, and a premier Caribbean Independent and Comprehensive Predictive Analytics B2B Company. At Deep Dive, we harness the power of cutting-edge software and artificial intelligence to provide invaluable insights, enabling business leaders to unlock inherent value within their online business data, resulting in substantial time and cost savings and informed decision-making.

Key Highlights

  • Advanced Technologies: Leveraging Machine Learning, Computer Vision, and Natural Language Processing, we reimagine services across diverse sectors, including retail, banking, and insurance.
  • Human Intelligence: Our approach combines human intelligence, creativity, and courage to make unexpected leaps, broadening our spectrum of offerings.
  • Data-First Philosophy: Understanding consumer online purchasing behavior is pivotal. Our data analytics and mining capabilities identify patterns and establish relationships, empowering businesses to predict future trends and demands.
  • Comprehensive Data: Deep Dive’s Subscription Service offers comprehensive reports and special presentations, including weekly product performance reports and Trends and Developments Insight reports.

Our Commitment

  • Network Effects: Exploit and generate network effects across the RedPlate Ecosystem.
  • New Capabilities: Rapidly assemble new capabilities to satisfy emerging customer needs.
  • AI-Powered Learning: Implement an AI-powered learning loop to enhance value creation and efficiency in new business opportunities.

At Deep Dive, we are dedicated to elevating your business through the strategic utilization of data and cutting-edge technologies. Partner with us to embark on a journey of informed decision-making, operational efficiency, and sustained growth.

Advantages: 10 Reasons to Choose RedPlate Tech

Combining the business models of RedPlate Technologies and Deep Dive, we offer at least 10 competitive advantages that position us as a technology powerhouse, providing innovative, tailored, and reliable solutions across industries.

  1. End-to-End Technology Solutions: A comprehensive suite of technology services, from managed infrastructure and IT security to predictive analytics, offers a one-stop-shop for technological needs.
  2. Advanced Predictive Analytics: Expertise in predictive analytics, driven by machine learning and AI, helps clients make informed decisions based on data-driven predictions.
  3. Customized IT Security Solutions: Tailored IT security services meet the unique needs of businesses, enhancing resilience against cyber threats.
  4. Flexible Support and Technical Services: Flexible models such as monthly retainers or pay-as-you-go make advanced technology support accessible to SMEs.
  5. Integrated Infrastructure Monitoring: Managed infrastructure services ensure optimal performance and reliability, minimizing downtime through proactive monitoring and maintenance.
  6. Strategic Data-Driven Decision-Making: Data-first approach and analytics capabilities empower clients to make strategic decisions based on a deep understanding of consumer behavior and trends.
  7. Diverse Technology Talent Pool: Attracting key tech professionals ensures a diverse talent pool with varied expertise, fostering innovation and adaptability.
  8. Customer-Centric Service Desk: Dedicated service desk ensures quick and effective resolution of technology challenges, enhancing client satisfaction.
  9. Network Effects Across RedPlate System: Exploiting network effects across the RedPlate system creates synergies, amplifies brand awareness, and enhances the value proposition.
  10. Agile Response to Emerging Needs: Commitment to rapidly assembling new capabilities and implementing an AI-powered learning loop ensures agility and continuous improvement in services.

Partner with RedPlate Technologies and Deep Dive to leverage these competitive advantages and navigate the complexities of the digital era with confidence.

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Prime customers – Grubhub Expanding Partnership with Amazon.com Inc.

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Grubhub, the struggling US meal-delivery business, announced May 30 it was expanding its two-year-old partnership with Amazon.com Inc. and giving Amazon Prime members free food delivery.

As part of the new deal, Amazon also incorporated Grubhub’s delivery service directly into its shopping app and website, and increased its financial stake in the company owned by Just Eat Takeaway.com NV.

Grubhub Chief Executive Officer Howard Migdal told me this deepened relationship with Amazon will be a key catalyst for user growth and revenue. Prime members are a “good cohort” of customers as they tend to order more frequently than Grubhub’s average customer, he said.

So far there has been an immediate boost: Grubhub’s app downloads jumped 90% in the week of the announcement compared with the previous week, and the number of users opening the app rose more than 9% for two straight weeks, outpacing that of food and grocery peers. That’s according to Bloomberg’s analysis of data tracked by mobile research firm Apptopia.

But this could prove challenging to sustain. While the pace of overall order declines reported by parent Just Eat’s US and Canadian business has slowed in recent quarters, third-party data from market research firms SimilarWeb and YipitData show that the initial 2022 Amazon-Grubhub partnership hasn’t reversed the streak of losses in orders and users for Chicago-based Grubhub.

The company has dropped a significant amount of market share to delivery rivals DoorDash Inc. and Uber Technologies Inc. as they ramp up competition through offerings beyond just takeout meals from restaurants. Yipit’s data shows Grubhub market share fell to 6% in March from 11% in August 2022, with a loss in urban users the most pronounced.

Rivals in recent years have raced to expand the number and types of stores on their sites and improved their technology to let customers bundle multistore orders without additional cost, which Grubhub hasn’t allowed.

DoorDash and Uber, in particular, have enhanced their routing algorithms so their delivery couriers can seamlessly pick up a last-minute drugstore item, drinks from a liquor store, or condiments from the grocery store while en route to grab a restaurant order nearby. These upgrades let the companies “upsell” consumers and advertise relevant items to bundle into their order, helping expand the size of the basket and increase ad revenue from brands.

Making the Grubhub+ subscription free for the 180 million US shoppers who are part of households with a Prime membership could entice those consumers to keep their Prime accounts, which would be a boon for Amazon. But at the same time, it wipes out potential customers for Grubhub’s subscription service — and the revenue they might have generated. That makes the sale of Grubhub, which Dutch parent Just Eat has been considering since 2022, “less likely,” according to Bloomberg Intelligence analysts.

So far, a customer who tries to place a Grubhub order within Amazon won’t find it as easy as described. According to Grubhub, users can visit a dedicated website to start a Grubhub order; or they could be directed to that site through a variety of paths from Amazon.

On Amazon’s mobile app, the Grubhub button is hidden within the “Groceries” tab, below buttons for Amazon Fresh, the grocery delivery service, and Amazon’s Whole Foods. Alternatively, users can type “Grubhub” in the Amazon search bar to access the Grubhub banner. At least two more clicks are needed to launch the restaurant ordering interface in an in-app browser window, which makes the experience foreign to the Amazon app.

This makes the integration more of a bonus than a feature of convenience. Whether the deal can effectively convert new users to loyal Grubhub customers remains to be seen.

Source Natalie Lung Bloomberg

 

 

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The Rise of Drone Deliveries: Implications for Jamaica, the Caribbean and the Future of Logistics

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Amazon’s MK27-2 drone is at the forefront of transforming logistics with its ongoing testing at an airport in Pendleton, Oregon. This advanced 87-pound hexacopter is part of Amazon’s Prime Air initiative, aiming to revolutionize the way we receive packages by enabling faster and more efficient deliveries.

The Development of Amazon’s Drone Program
Amazon has been developing its drone technology for almost a decade, with the goal of creating a safe, scalable, and efficient delivery system. The MK27-2 drone, set for deployment in 2024, is designed to deliver packages weighing up to five pounds within a short time frame, potentially less than an hour from order placement. This drone features advanced sense-and-avoid technology, which allows it to detect and navigate around obstacles autonomously, enhancing safety and reliability​​.

Competitors in the Drone Delivery Space
Amazon is not alone in the drone delivery race. Alphabet’s Wing has been successfully conducting drone deliveries in Australia and is expanding its operations in the U.S. Flytrex, another competitor, is increasing its presence in the U.S., while Irish company Manna plans to extend its drone delivery services from Europe to the U.S. Each of these companies is leveraging technology to offer faster, more reliable delivery services, which are particularly advantageous in remote or hard-to-reach areas​​.

Implications for Jamaica and the Caribbean
The introduction of drone delivery services holds significant potential for Jamaica and the broader Caribbean region. These areas often face logistical challenges due to geographical constraints and infrastructure limitations. Drones can provide a cost-effective and rapid delivery solution, particularly for medical supplies, emergency services, and e-commerce.

Implementing drone logistics in the Caribbean could enhance supply chain efficiency, reduce delivery times, and lower costs. For instance, drones could facilitate better access to healthcare by delivering medications to remote islands or rural areas quickly. They could also boost the local economy by supporting small businesses in reaching a broader market with reduced delivery times.

Case Studies and Future Prospects
In practical applications, drone delivery services have demonstrated substantial benefits. For example, in Rwanda, drones are used to deliver blood supplies to remote hospitals, significantly reducing delivery times from hours to minutes. This model can be adapted to the Caribbean, where timely access to medical supplies is often critical.

Looking forward, the success of drone delivery in regions like the Caribbean depends on overcoming regulatory challenges, ensuring community acceptance, and building the necessary infrastructure. Collaborative efforts between governments, private companies, and local communities will be essential to harness the full potential of drone technology in transforming logistics.

Amazon’s MK27-2 drone represents a significant leap in the logistics industry, promising faster, safer, and more efficient delivery services. As other companies like Alphabet’s Wing and Flytrex join the fray, the competitive landscape will drive further innovations. For regions like Jamaica and the Caribbean, drone technology offers a transformative opportunity to enhance logistics and support economic development.

By leveraging these advancements, the Caribbean can not only improve access to essential services but also position itself as a leader in adopting cutting-edge logistics solutions. The future of drone deliveries is bright, and its implications for global logistics are profound.

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