Let's Talk Business | The Cost of Living in Barbados: Finding Efficiencies and Improving Affordability - Part 1

This edition of Let’s Talk Business opens a new season with Part One of a discussion on Barbados’ rising cost of living and the pressures facing consumers and businesses. The programme examines how the country’s dependence on imports, global prices, shipping and logistics costs, and inefficiencies within the supply chain can influence the final price of goods.

The discussion looks beyond retail prices to potential solutions, including improving port efficiency, cargo pre-clearance, alternative source markets, and greater use of technology. The central focus is how Barbados can reduce avoidable costs throughout the system and build a more efficient, resilient, and affordable economy.