Friday 1 July 2016

India up 19 ranks in World Bank logistics report

India has jumped 19 places in the latest World Bank ranking in the global logistics performance, reflecting the improvement in movement of goods inside the country thus facilitating better trade. The World Bank in its latest once-in-two-year Logistics Performance Index (LPI) said India is now ranked 35th as against the 54th spot it occupied in the previous 2014 report. In the 2014 report, India had a
LPI score of 3.08, which increased to 3.42 in 2016. For the third time, Germany with 4.23 points tops the ranking, followed by Luxembourg (4.22), Sweden (4.20), Netherlands (4.19) and Singapore(4.14). Other countries in top 10 are Belgium, Austria, United Kingdom, Hong Kong and the United States.Japan is ranked 11. China has jumped one spot to be ranked 27th while Pakistan is at 68th. Syria ranked lowest.

The bi-annual report, ‘Connecting to Compete 2016: Trade Logistics in the Global Economy’, which ranks 160 countries on their trade logistics performance, is based on survey data from more than 1,200 logistics professionals. The report ranks countries on a number of dimensions of supply chain performance, including infrastructure, quality of service, shipment reliability, and border clearance efficiency.

According to the report, over the past six years, the world’s top-10 performers have remained consistent and include dominant players in the supply chain industry.

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