Date: Sep 7, 2018
The 2018 World Bank Logistics Performance Index (LPI) ranks South Africa as the third most competitive market behind Thailand and China in terms of logistics performance among upper-middle-income economies ranking.
Brand South Africa on Thursday welcomed the results of the LPI, which also sees South Africa rank as number 33 of 160 countries assessed in the index.
Brand South Africa research GM Dr Petrus de Kock said that, in general terms, South Africa performed quite well in the LPI, but noted that in over-all ranking the country retreated from 20 out of 160 in 2016, to 33 out of 160 in 2018.
The six core components used to measure performance focus on the efficiency of customs and border clearance, the quality of trade and transport infrastructure, the ease of arranging competitively priced shipments, as well as the competence and quality of logistics services and the ability to track and trace consignments.
Further, the frequency with which shipments reach consignees within scheduled or expected delivery times, is also measured.
De Kock said that “logistics performance is vital for a countries’ economic growth and refers to cost, time, and complexity in accomplishing import and export activities”.
