Diasporic Entrepreneurship in the Caribbean - Firm Profiles.pdf Vol 2 | Page 27

Agro-processing Firms Main Products/Services: Diasporic Market Analysis: • Rum production Initially DDL supplied bulk commodity rum internationally; as world trade was liberalized, it was recognized that the commodity rum business was under threat. DDL decided to upgrade its domestic brand to meet international standards. • DDL involved in distillery operations - the initial company; from distillery knowledge/ operations DDL captured carbon dioxide which arises from fermentation of molasses; the carbon dioxide is used in soft drinks manufacturing, sold to Pepsi franchises in Guyana. • DDL has a distribution system that supports all of its outlets; also manufactures juices. • DDL uses alcohol to make vinegar that is distributed locally and in some Caribbean markets. • DDL’s trading company represents brands imported from abroad; DD has a distribution structure which functions in those countries to which DD exports. • DDL is building Cash’ n Carry outlets, where consumers can purchase goods at wholesale prices. • DDL uses its water- front property at the Demarara Harbour as a private port for containerized shipped products coming from USA. • DDL’s distribution company operates a distribution fleet. Location: Guyana Employment: • Staff in Guyana- 1,200 persons • Other markets- 12 persons • 50% of the staff are women. DDL studied the international market and made decisions based on competitive market pressures. Therefore DDL placed its rum products at the top end of the international rum market and directly entered the rum market. The rum market is very complex and heavily regulated. In the UK, entry into the market is regulated by alcohol licensing laws of the United Kingdom. In the USA, the market is regulated by the Bureau of Alcohol, Tobacco and Firearms, and in Canada, the Alcohol and Gaming Commission regulates the market. As DDL sought to enter international markets, DDL had to locate interested importers and distributors; which proved very difficult initially. In response to this challenge, DDL established its own importing company in USA, to access US market and employed Guyanese living in the USA to monitor the operations there. Currently there are markets in Europe, UK, USA and Canada, of which the North American mark