Sri Lanka moves to 81 from 137 in WB index
Sri Lanka's logistics sector and its international ranking, has moved
up from 137 to 81 in the World Bank logistics performance index 2012.
The ratings are based on 6,000 individual country assessments by
nearly 1,000 international freight forwarders, who rated the eight
foreign countries their company serves most frequently. The LPI's six
components include the efficiency of the clearance process (speed,
simplicity and predictability of formalities) by border control
agencies, including customs, the quality of trade- and transport-related
infrastructure (ports, railroads, roads, information technology), the
ease of arranging competitively priced shipments, the competence and
quality of logistics services (transport operators, customs brokers),
the ability to track and trace consignments, the frequency with which
shipments reach the consignee within the scheduled or expected delivery
time.
Commenting on this improvement in rankings, Secretary General/CEO of
the Ceylon Chamber of Commerce Harin Malwatte, said, “CCC is happy to
note the improvements made in the ranking of the logistics index. The
Chamber congratulates and appreciates the contributions of those
responsible for this improvement.
Sri Lanka has moved 56 places up from 2010 in the ranking. This is a
result of the considerable investments made in improving the country's
logistics and infrastructure.
However, being ranked 81 also means there is definitely room for
improvement. It also means that, if Sri Lanka could climb 56 spots in
two years, the country has the potential to reach the top if concrete
steps are taken towards achieving this aim.” Sri Lanka was ranked 81 out
of 155 countries.
The rankings have improved in customs, infrastructure, international
shipments, logistics quality and competence, tracking and tracing and
timeliness.
It is noteworthy to mention the significant improvements made in
customs, infrastructure, international shipments, logistics quality and
competence and tracking and tracing while more needs to be done with
regard to improving timeliness.
The report titled 'Connecting to Compete 2012' also includes a set of
domestic performance indicators for 143 countries.
For these data, survey respondents assess the logistics environments
in the countries where they work, providing information on the quality
of infrastructure, the performance of core services, the friendliness of
trade clearance procedures, and the time, cost, and reliability of
import and export supply chains. Singapore is ranked number one at 4.13,
Burundi the lowest at 1.61 (19 percent of Singapore's top score).
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