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World Bank ranks logistics performance on par with world standard

World Bank ranks logistics performance on par with world standard

The World Bank’s Logistics Performance Index (LPI) of 2016 ranks Namibia 79 out of 160 countries in comparison to the the last recorded rank of 93 in 2014.

The LPI is an interactive bench marking tool created 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.

The LPI 2016 allows for interactive comparisons across 160 countries on the World Bank website. The international score uses six key dimensions to benchmark countries’ performance and also displays the derived overall LPI index.

Based on a worldwide survey of operators on the ground such global freight forwarders and express carriers that provide feedback on the logistics “friendliness” of the countries in which they operate and those with which they trade.

The feedback is combined as in-depth knowledge of the countries in which they operate with informed qualitative assessments of other countries where they trade and based of their experience in the global logistics environment.

Feedback from operators is supplemented with quantitative data on the performance of key components of the logistics chain in the country of work.

The scorecard allows comparisons with the world with an option to display world’s best performer and with the region or income group. There is also an option to display the region’s or income group’s best performer on the six indicators and the overall LPI index.

Meanwhile, the logistics performance is the weighted average of the country scores on the six key dimensions which include efficiency of the clearance process such as speed, simplicity and predictability of formalities by border control agencies that includes customs.

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