A slow cart or checkout costs sales at the worst possible moment. These pages cannot be fully page-cached because they are unique to each shopper, so the fix is different from speeding up your catalog. Work through these in order.
Cart and checkout fire many repeated database queries. A Redis object cache holds those results in memory so they are not rebuilt on every click. This is the single most effective change for dynamic-page speed and usually produces an immediately noticeable improvement.
Cart, Checkout, and My Account must stay dynamic, but the rest of the store should still be cached. Confirm your cache plugin excludes only those pages - over-broad exclusions quietly disable caching site-wide and slow everything down.
Every plugin that loads scripts on the checkout adds delay. Audit what runs there, remove add-ons you do not use, and be wary of heavy page builders on the checkout page specifically. A lean checkout template converts better.
Expired transients, abandoned carts, and stale session rows accumulate and slow WooCommerce queries. Clear expired transients regularly and prune old session data so the cart and checkout stay responsive.
Use the latest supported PHP version, which is markedly faster, and give the store at least 256 MB of memory so plugin-heavy checkouts do not stall under load.
Measure the checkout while logged in with a full cart, not just the home page as a guest. That is the flow that actually loses sales, so it is the one worth optimizing.
On SoftSys managed WooCommerce hosting, object caching, tuned PHP, and cache exclusions for cart and checkout are configured for you, which removes most of the common causes of slow checkout before you ever hit them.