Tiếng ViệtLogistics is likened to the lifeblood of the international trade industry and vice versa, the development of the Logistics industry is a strong driving force for economic growth and poverty reduction, according to a representative of the World Bank.
The World Bank has just released the report “Logistics Performance Index 2023 – A measure of the ability of countries to move goods across borders” (LPI). Accordingly, the publication was released after 3 years of supply chain disruption due to the Covid-19 pandemic, causing disruption of activities and the process of transporting goods. LPI 2023 surveyed 139 countries about how easy it is to establish a reliable supply chain and manufacturing.. At the same time, this bank also measures structural factors that help improve the quality of logistics services, infrastructure affecting the trade and transport industries, and control the import and export process of countries.
The economy only grows synchronously when logistics operates continuously. Photo: The African Logistics
“Logistics are the lifeblood of international trade and vice versa,” said Mona Haddad, World Bank Global Director for Trade, Investment and Hardship. Our Logistics’ action will help developing countries identify areas that need to be ‘improved to enhance competitiveness’.
Logistics, also known as the transportation and cargo management system, contributes not only to the creation of efficient and safe supply chains and shipping and exporting of goods, but it also ensures circuit coherence. between departments in export process.
The economy can only grow synchronously and smoothly if the logistics chain operates continuously. Therefore, the role of logistics in the economy is increasingly being promoted. Logistics becomes the flowing interactive element of economic transactions and also an important activity for all goods and services.
According to the report, the average transit time of a container on all potential international trade routes is 44 days, a standard deviation of 10.5 days. That period accounts for 60% of the time it takes to trade goods internationally. The digitalization of all supply chains, especially in emerging economies, is allowing countries to shorten port delays by up to 70%, compared to developed countries. Moreover, the demand for green logistics is increasing, with 75% of goods supply organizations globally looking for environmentally friendly transportation methods, especially when exporting goods to countries with high income high input.
“Shipping delays are most common at seaports, airports and intermodal facilities,” said Christina Wiederer, senior economist at the World Bank’s Macroeconomics group. , co-author of the report.
To mitigate this, agencies and businesses are “mandatory” to put in place policies such as improving the customs clearance process, investing in infrastructure, applying technology, science, digital, and encouraging sustainable logistics. For sustainable logistics businesses, it is necessary to pay more attention to transporting goods with low-carbon methods and using more energy-efficient vehicles and warehouses.