What is the Logistics Performance Index report published by World Bank?
How does a logistics performance report survey efficiency and quality of trade in countries all over the world?
The Logistics Performance Index (LPI) is a report published by the World Bank that measures and compares the logistics performance of 160 countries worldwide. The report is based on a survey of more than 4,000 firms and analyzes a country's logistics performance across six different dimensions: efficiency of customs clearance, quality of trade and transport-related infrastructure, ease of arranging competitively priced shipments, competence and quality of logistics services, ability to track and trace consignments, and timeliness of shipments in reaching their destinations.
The LPI report is widely used by governments, businesses, and international organizations as a tool for identifying opportunities and challenges in logistics and supply chain management. It is also used as a benchmarking tool to compare the performance of different countries and to identify areas where improvements are needed.