The Logistics Performance Index (LPI) is an interactive benchmarking tool created by the World 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. It is the weighted average of the country scores on six key dimensions: efficiency of the clearance process (i.e., speed, simplicity and predictability of formalities) by border control agencies, including Customs; quality of trade and transport related infrastructure (e.g., ports, railroads, roads, information technology); ease of arranging competitively priced shipments; competence and quality of logistics services (e.g., transport operators, customs brokers); ability to track and trace consignments; timeliness of shipments in reaching destination within the scheduled or expected delivery time. This measure indicates the relative ease and efficiency with which products can be moved into and inside a country. Germany and Singapore are the most efficient and highest ranked LPI countries.
The Logistics Performance Index is reported by the World Bank in every two years. The LPI is based on a worldwide survey of stakeholders on the ground providing feedback on the logistics "friendliness" of the countries in which they operate and those with which they trade. They combine in-depth knowledge of the countries in which they operate with informed qualitative assessments of other countries where they trade and have experience of global logistics environment.
2016 Logistics Performance Index
In the 2016 LPI, the top position is held by Germany (LPI score of 4.23). Civil war-inflicted Syria holds the last position (LPI score of 1.60). India's ranking jumped from 54 in 2014 to 35 in 2016 whereas its score also improved from 3.08 in 2014 to 3.42 in 2016.
Video Logistics Performance Index
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Source of article : Wikipedia
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