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Thursday, May 15, 2025

Rum com­pa­ny founder to lo­cal man­u­fac­tur­ers:

Go after consumers who want authenticity

by

545 days ago
20231117
Minister of Trade and Industry Paula Gopee-Scoon and Marc Farrell, founder and CEO of Ten to One Rum, at the TTMA President’s Dinner and Awards 2023 at the Hyatt Regency on Tuesday.

Minister of Trade and Industry Paula Gopee-Scoon and Marc Farrell, founder and CEO of Ten to One Rum, at the TTMA President’s Dinner and Awards 2023 at the Hyatt Regency on Tuesday.

Anthony Wilson

Founder and CEO of Ten to One Rum, Marc Far­rell, says glob­al de­vel­op­ments have re­sult­ed in the rise of a new gen­er­a­tion of con­sumers who val­ues prove­nance, au­then­tic­i­ty and trans­paren­cy as part of their pur­chase cri­te­ria.

This en­vi­ron­ment comes with new op­por­tu­ni­ties that lo­cal man­u­fac­tur­ers must not let pass them by, said Far­rell as he de­liv­ered the fea­ture ad­dress at the Trinidad and To­ba­go Man­u­fac­tur­ers’ As­so­ci­a­tion (TTMA) Pres­i­dent’s Din­ner and Awards on Tues­day night.

Dur­ing his ad­dress, Far­rell spoke of be­ing steeped in grat­i­tude for the op­por­tu­ni­ty to re­turn to his home coun­try and share some of his own ex­pe­ri­ences, in the hope that it might serve as a small cat­a­lyst for oth­er lo­cal en­tre­pre­neurs.

He launched Ten to One Rum in 2019 in New York, and the brand has since be­come one of the most-award­ed rum brands in the world, gain­ing the at­ten­tion of Gram­my award-win­ning artist and en­tre­pre­neur Cia­ra as in­vestor and co-own­er in Oc­to­ber 2021, and grow­ing its ter­ri­to­ry to over 20 US mar­kets in a short times­pan.

“We must gal­va­nize our col­lec­tive ef­forts in the pur­suit of new ver­ti­cals that can pro­vide in­cre­men­tal av­enues of wealth for our na­tion, and we must mo­bilise these same ef­forts in search of new mar­ket fron­tiers, whether in the US, Latin Amer­i­ca, Eu­rope and be­yond,” said Far­rell, in his ad­dress to the au­di­ence of main­ly lo­cal man­u­fac­tur­ers.

“From steel­pan to co­coa to Car­ni­val, we have to chal­lenge our­selves to turn our own nascent do­mes­tic su­per­pow­ers in­to down­stream in­dus­try, with tan­gi­ble goods and ser­vices made avail­able both here and abroad. For a long time we’ve thought of our­selves as ‘re­source rich’ but seem­ing­ly on­ly in the con­text of oil and gas. It’s now time to chal­lenge and ex­pand that de­f­i­n­i­tion to in­clude the many oth­er as­pects of our re­source­ful­ness, our ap­ti­tude, and our cul­ture that will en­able us to chase and to cre­ate new op­por­tu­ni­ties for our­selves in the fu­ture.”

Far­rell shared that 20 years of liv­ing out­side T&T has taught him that Trin­bag­o­ni­ans are an ex­cep­tion­al peo­ple, ready to rise to this chal­lenge. He urged en­tre­pre­neurs and lo­cal busi­ness­es to seek to en­ter un­tapped glob­al mar­kets for greater pros­per­i­ty, con­fi­dent in the knowl­edge that our small coun­try has al­ready seen an out­sized and sig­nif­i­cant im­pact on the glob­al stage.

The cur­rent port­fo­lio of Ten to One Rum blends rums from all over the Caribbean, in­clud­ing Ja­maica, Trinidad & To­ba­go, the Do­mini­can Re­pub­lic and Bar­ba­dos, and cur­rent­ly in­cludes sev­er­al ex­pres­sions.


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