Logistics is a major differentiator for Financial Growth of any country
Logistics is one of the most important driver of countries’ and firms’ competitiveness , which is fundamental to job creation and economic growth. Indeed, it is no coincidence that better performance in logistics goes along with higher incomes and development. Since efficient logistics connects firms to domestic and international markets, it affects the efficiency of the manufacturing global value chains, and competitiveness of a country’s economy within these value chains. The World Bank produces every two years the Logistics Performance Indicator or LPI, which measures international logistics performance in terms of time, cost, and reliability. The table below a strong relationship between the logistics performance indicator, and GDP per capita—a measure for economic development. It is no surprise that the most advances countries such as Germany and Singapore are also stellar performers in logistics. Out of the Top 50 countries in LPI 37 of them also top