The Caribbean is on the brink of transformation, and it’s innovators like Anthony Hinkson who illuminate the path forward. From inventing voice-activated systems akin to Alexa in the '90s to spearheading initiatives that tackle logistics and payment challenges, the region’s potential is undeniable.
Key Insights
Innovating in the Face of Challenges
In the e-commerce space, Anthony highlights a major hurdle: "How do we actually get things from Barbados to any other Caribbean territory?" The solution? A comprehensive ferry service coupled with a cross-currency payment gateway like PAPS. Such initiatives not only address logistical gaps but also facilitate trade across islands.
Redeeming Historical Legacies
Anthony underscores the importance of transforming the region's historical context: "Redeem the Slave Passage… and empower what we need to do for ourselves." By reframing historical narratives, the region can forge partnerships, such as with Africa’s EXIM Bank, to create economic opportunities.
Empowering SMEs
The Connect Caribbean project aims to "empower small and medium enterprises to reduce costs of operation." Accessible APIs and collaborative efforts could enable businesses to tap into the estimated $4.5 billion USD e-commerce outflows currently lost to external platforms.
Infrastructure as a Game Changer
Anthony recalls how improved logistics turned small traders into business owners: "Women went from broken-down pickup trucks to top-class vehicles in 15 years." This speaks to the transformative power of efficient infrastructure.
Recommendations for Future Action
- For Individuals:
- Explore partnerships with logistics and payment providers to expand business reach.
- Leverage accessible APIs to integrate with larger e-commerce ecosystems.
- For Businesses:
- Invest in technology that facilitates cross-border trade within the Caribbean.
- Collaborate with projects like Connect Caribbean to reduce operational costs.
- For Regional Development:
- Encourage public-private partnerships to improve logistics and trade infrastructure.
- Promote the retention of e-commerce revenue within the region through localized platforms.
Conclusion:
The Caribbean stands at a crossroads, where innovation, collaboration, and historical redemption intersect. Leaders like Anthony Hinkson are proving that with the right tools and vision, the region can retain its economic wealth and empower its people.
About the Speaker:
Anthony Hinkson, CEO of HCS Inc., has over 20 years of experience in ICT, specializing in customized software and business strategy. He has worked with companies ranging from small enterprises to global organizations like AON Insurance. Passionate about creating tools that drive efficiency, Anthony is at the forefront of regional transformation in the Caribbean.