Countries Who Invest in Logistics Compete Better
A couple of weeks ago, I threw out the argument that the potential success of Vietnam was severely limited over the next 5 years because their logistics infrastructure was not in place to support large amounts of FDI…
Well, as it turns out the World Bank agrees with me, or at least their recent Logistics Performance Index supports that line of thinking in general. Released November 5, the news release says the report:
a study based on a world survey of international freight forwarders and express carriers, indicates that facilitating the capacity to connect firms, suppliers and consumers, is crucial in a world where predictability and reliability are becoming even more important than costs.
The researchers/ authors did a great job at looking at “logistics” as more than the physical movement of goods on a ship by including telecom, services , gov’t department, and a number of other steps/ pieces that need to exist for the entire process… and then they linked that back to the income levels of a country
In this highly competitive world, the quality of logistics can have a major bearing on a firm’s decisions about which country to locate in, which suppliers to buy from, and which consumer markets to enter.
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One Response to “Countries Who Invest in Logistics Compete Better”
September 21st, 2011 at 2:57 pm
Well said and many study proved this as well. How about India in logistic performance ?
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