o A significant reduction in distribution costs especially for those products that can be digitized. o A reduction in the costs of after-sales service. o Enhanced advertising and selling in the global market at a lower cost. o An expansion of the IT sector as demand for e-Commerce solutions increase. Increased turnover for the telecommunications sector as a direct result of the proliferation of e-Commerce. On a sectoral level the impact of e-Commerce will not be uniform. o Overall, however it is still envisaged that it is unlikely that such an impact will be negative. The Business Sector should therefore look to e- Commerce as providing an opportunity to thrive rather than a threat to its livelihood. The following are some observations relative to the major sectors of the Economy: (i) Information Technology and Communication The IT industry is a major input and a key enabler to the proliferation of eCommerce. As such it is reasonable to expect this sector to expand in line with the growth of e-Commerce. It is acknowledged that the sale of IT products is increasingly being carried out by electronic means that bypass traditional intermediaries. It is recognized that there will be the need for a substantial amount of related services that need to be carried out on the field. Strategic alliances with major suppliers of e-Commerce, off-the-shelf solutions, adding value via marketing, customization, installation, support and maintenance of hardware and software will open opportunities for Grenadian enterprises. 52 A STRATEGY AND ACTION PLAN FOR GRENADA Anurag Sinha