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News: Post-Transport Month business considerations
After a month dedicated to building awareness of South Africa's transport sector, both the private and public sector should take cognisance of logistics' contribution to economic development - and the need for renewed commitment to increased collaboration through public-private partnerships (PPPs).
As logistics and supply chain processes enable or disable a country's expansion and growth and thereby, its global competitiveness, South Africa's rating of 28th out of 155 countries on the global Logistics Performance Index (LPI)* indicates an increasingly competitive sector, with the potential to outperform much larger, more established economies.
Excluding high income countries such as Germany and the USA, South Africa is among the top 10 logistics over performers in the survey, keeping company with the likes of China and India.
The World Bank Report, though generated through qualitative research, links logistics performance with economic impact. It states: "Improving logistics performance has become an important policy objective in recent years, because logistics has a major impact on economic activity. Better logistics performance is strongly associated with trade expansion, export diversification, the ability to attract foreign direct investment and economic growth."
As logistics and supply chain processes enable or disable a country's expansion and growth and thereby, its global competitiveness, South Africa's rating of 28th out of 155 countries on the global Logistics Performance Index (LPI)* indicates an increasingly competitive sector, with the potential to outperform much larger, more established economies.
Excluding high income countries such as Germany and the USA, South Africa is among the top 10 logistics over performers in the survey, keeping company with the likes of China and India.
The World Bank Report, though generated through qualitative research, links logistics performance with economic impact. It states: "Improving logistics performance has become an important policy objective in recent years, because logistics has a major impact on economic activity. Better logistics performance is strongly associated with trade expansion, export diversification, the ability to attract foreign direct investment and economic growth."