According to a report from Connecting to Compete, advanced economies continue to lead in the commercial logistics.
The World Bank Group today published this report highlighting that most countries have undertaken reforms and investments to build infrastructure, facilitate transport and trade or develop modern services.
“Despite the advances, in the sixth edition of Connecting to Compete, a diverse panorama is revealed. In terms of logistic performance, the average score of high-income countries is 48% higher than that of the low-income countries”.
“Logistics services are the main axis of international trade,” explained Caroline Freund, director of the World Bank Group’s Macroeconomics, Trade and Investment Practice.
Freund explained that “A good logistics infrastructure reduces commercial costs, but supply chains are as strong as their weakest link. In the case of the developing countries, having adequate logistics means improving their infrastructures, customs, technical capabilities and regulations. “
The report provides an Index of Logistics Performance, where they evaluate the efficiency of supply chain operations that connect companies with national and international opportunities from 168 countries.
The Logistics Performance Index of 2018 highlighted some current concerns about adaptation, environmental deterioration and the importance of having qualified equipment in the industry:
Connecting to Compete and its Index of Logistic Performance is a report that serves as a tool to help governments to make comparative analyzes of their progress in commercial logistics based on key criteria, such as the logistics competence, the quality of the infrastructure related to trade, the price of international shipments and the frequency with which they arrive on time at their destination.
The report, published every two years since 2007, uses both qualitative and quantitative measures to compare the compatibility of logistics in more than 160 countries. News from the World Bank