World Bank ranks country logistics performance
The capacity of countries toefficiently move goods andconnect manufacturers andconsumers with international marketsis improving around the world, butmuch more progress is needed to spurfaster economic growth and help firmsbenefit from trade recovery, accordingto a new World Bank Group survey ontrade logistics. Germany is the top performer, Singapore second, and Sweden third among the 155 economies […]
May 1, 2010
Germany is the top performer, Singapore second, and Sweden third among the 155 economies ranked in the Logistics Performance Indicators (LPI), which are included in the report, Connecting to Compete 2010: Trade Logistics in the Global Economy. The study was based on a comprehensive world survey of international freight forwarders and express carriers. Three World Bank ranks country logistics performance other Asian countries appear in the top 20: Japan (7), Hong Kong (13), Taiwan (20).
Ã¢â‚¬Å“Economic competitiveness is relentlessly driving countries to strengthen performance, and improving trade logistics is a smart way to deliver moreefficiencies, lower costs and added economicgrowth,Ã¢â‚¬Â said World Bank grouppresident Robert Zoellick. Ã¢â‚¬Å“Streamliningthe connections among markets,manufacturers, farmers and consumersoffers tremendous growth and investmentopportunities and should be a topfocus for developing country growthstrategies.Ã¢â‚¬Â
According to the LPI, high income economies dominate the top logistics rankings, with most of them occupying important places in global and regional supply chains. By contrast, the 10 lowest performing countries are almost all from the low and lower income groups.