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Washington:
By pursuing reforms and going in for public-private partnerships
in infrastructure, India has improved its position in the world
ranking of countries in trade logistics despite a global slowdown
in the sector in the last two years, says the World Bank.
India with a Logistics Performance
Indicators (LPI) score of 3.08 was ranked 46th in the bank's
latest survey of international freight forwarders and express
carriers.
Singapore with a score of 4.12 listed as the top performer among
the 155 economies included in the survey.
In 2010 India was ranked 47th with an LPI score of 3.12. However
in the context of global recession the World Bank singles out
Chile, China, India, Morocco, South Africa and the US as countries
which have continued to improve. As the report says: "Against
others in their income group, the most over performing
non-high-income countries are Vietnam, India, China, and South
Africa."
"All top performers show strong cooperation between the public and
private sectors, and a comprehensive approach in the development
of services, infrastructure and efficient logistics," said Mona
Haddad, sector manager in the World Bank's international trade
department.
"Infrastructure stands out as the chief driver of progress in top
performers, followed by improvements in logistics services, and
customs and border management," Haddad added.
Trade logisitics refers to the capacity of countries to
efficiently move goods and connect manufacturers and consumers
with international markets which spur faster economic growth and
help firms benefit from trade recovery.
Trade logistics is therefore key to economic competitiveness,
growth, and poverty reduction.
The LPI is an interactive benchmarking tool created by the bank to
help countries identify the challenges and opportunities they face
in their performance on trade logistics and what they can do to
improve their performance.
As a multidimensional assessment of performance, the LPI compares
the trade logistics profiles of 155 countries and rates them on a
scale of 1 (worst) to 5 (best). The LPI's six components include
the efficiency of the clearance process (speed, simplicity, and
predictability of formalities) by border control agencies,
including customs, and the quality of trade and transport-related
infrastructure (ports, railroads, roads, information technology).
Other factors are the ease of arranging competitively priced
shipments and the competence and quality of logistics services
(transport operators, customs brokers) and the ability to track
and trace consignments and the frequency with which shipments
reach the consignee within the scheduled or expected delivery
time.
According to the bank's "Connecting to Compete 2012: Trade
Logistics in the Global Economy" report, high income economies
dominate the top logistics rankings, while the economies with the
worst performance are least developed countries that are also
often landlocked, small islands, or post-conflict states.
In the upper-middle income country category, top performers
include South Africa, China and Turkey.
In the lower-middle income category, India, Morocco and the
Philippines have above average performance improvements. And among
low-income countries, outperformers included Benin, Malawi and
Madagascar.
The survey suggested that a country create sustainable
improvements in its logistical capabilities only by fostering
cooperation between the public and private sectors, and by
considering the impact of all agencies on the supply chain.
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