How can logistics performance index rankings help you identify potential markets and suppliers?

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If you are involved in international logistics, you know how important it is to assess the quality and efficiency of the transport infrastructure, customs procedures, and trade regulations of different countries. One way to do this is to use the logistics performance index (LPI) rankings, which are published by the World Bank every two years. The LPI measures how well countries perform on six dimensions of logistics, such as border clearance, tracking and tracing, and timeliness. In this article, you will learn how you can use the LPI rankings to identify potential markets and suppliers for your business.

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1 Benefits of LPI rankings

The LPI rankings can be a useful tool for evaluating the opportunities and challenges of doing business in different countries. You can use it to compare the logistics performance of countries in your region or industry, identify strengths and weaknesses of current or potential markets and suppliers, benchmark your own logistics performance against your competitors and best practices, monitor the progress and impact of logistics reforms and investments, and support decision-making and planning for market entry or expansion.

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Marek R. Helinski (M.Sc., MBA) ?? ? ??

Find your new business opportunities with experienced international business development senior executive - B2B export, innovations, inventions, new technologies, AI, CSR/ESG - business partners search, product sourcing
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The Logistics Performance Index (LPI) rankings are a valuable tool for identifying markets and suppliers based on logistics efficiency. Leverage LPI rankings for assessing market potential, efficiency, trade facilitation, supply-chain connectivity, infrastructure quality, and market accessibility. Identified suppliers from high-ranking countries can provide reliable supply chains, reduced lead times, cost optimization, and risk mitigation. Implement strategic sourcing, ensure operational resilience, and enhance global supply-chain transparency. This approach enables businesses to make informed decisions, creating robust and competitive supply chains for global operations.

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Asif Jamil Janjua CSCP

Logistics & Warehouse Operations Manager | Supply Chain Professional | Strategic Inventory Management | Warehouse Management | Material Management Transforming Logistics Operations | Inventory Auditing & Cycle Counting.
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The logistics performance index (LPI) is a valuable tool for businesses seeking to identify potential markets and suppliers. This index, published by the World Bank, ranks countries based on their logistics performance, taking into account factors such as infrastructure, efficiency, and customs processes. By consulting the LPI rankings, businesses can make informed decisions about where to invest and source their goods, ensuring a smoother and more cost-effective supply chain. With the LPI, businesses can gain valuable insights into potential markets and suppliers, helping them to expand their operations and improve their bottom line.

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Charles Dridi

CEO and Founder @ Open Forwarders
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The LPI can help answer key questions for investors such as: -Is it easy to clear import cargo through customs? -What is the level of the transport and logistics infrastructure, including ports, airports, highways, warehouses, and information technology (Cargo Community Systems, Operating Systems in ports and airports, ..)? -Is it easy to arrange competitively priced shipments? A low score here might indicate few logistics actors or poor infrastructure. -What is the global know-how and the quality of service of the logistics operators? Can they handle complex shipments and sensitive cargo? -Is it easy to track a shipment within this country? -Is it easy to schedule a shipment in this country and can you expect the schedule to be respected?

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2 How to access LPI rankings

The World Bank website offers access to the latest and historical LPI rankings, as well as interactive tools and reports. You can also download the LPI data and methodology for your own analysis. The LPI dashboard displays the overall and dimensional scores and rankings of each country, while the LPI country profiles provide detailed information and indicators. The LPI comparator allows you to compare up to four countries on various aspects of logistics. Additionally, the LPI report summarizes the main findings and recommendations of the survey, while the data portal enables you to explore and download the LPI data and indicators.

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Charles Dridi

CEO and Founder @ Open Forwarders
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The data may be very useful but we must keep in mind that it is not a perfect tool and that it has its limits. We can cite below limits : - the LPI does not include labor regulation and cost - Rankings are a snapshot in time and may not reflect the challenges that a country may encounter or the ongoing improvements - The LPI provides a national-level view, and there may be disparities in logistics performance across different locations within the same country.

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3 How to use LPI rankings

The LPI rankings are not meant to be a definitive or comprehensive measure of logistics performance. They are based on a survey of logistics professionals, who may have varying perceptions and experiences of the logistics environment. Consequently, you should use the LPI rankings as a starting point for your logistics analysis, not an end point. To use the LPI rankings effectively, you should look beyond the overall score and ranking and focus on the dimensional scores and indicators that are relevant to your business objectives and needs. Additionally, consider the context and trends of the logistics performance of each country, such as the level of development, the size and diversity of the market, and changes over time. Moreover, supplement the LPI data with other sources of information like official statistics, trade reports, market research, and feedback from your customers and suppliers. Finally, use the LPI data to identify gaps and opportunities for improvement, as well as prioritize your actions and investments for enhancing your logistics performance.

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Charles Dridi

CEO and Founder @ Open Forwarders
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The LPI is a valuable tool, but it's important to keep in mind that the rankings themselves are not a definitive or exhaustive measure of a country's logistics performance. The LPI is a powerful springboard and not a final destination. The LPI may also impacted by the size of the market and the level of economy: a small country with a small economy may have a bad performance. The LPI are a based on surveys from logistics professional, whose perceptions and experience may vary depending over time.

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4 Limitations of LPI rankings

The LPI rankings have some limitations which should be taken into account. The rankings are based on a sample of respondents, leaving out the entire population of logistics professionals, and are subject to biases and errors such as sampling errors, response errors, and measurement errors. Additionally, the rankings do not capture all aspects of logistics performance, such as environmental and social impacts, innovation and resilience, or quality and reliability of services. Every two years the survey is conducted, which may not reflect the current situation or dynamic changes in the logistics environment. Moreover, it covers only a limited number of countries and relies on subjective assessments which may vary depending on the respondent's knowledge, experience, and expectations. Furthermore, it uses a standardized methodology which may not account for the specific characteristics or challenges of each country or region. Consequently, it is important to be aware of these limitations when using the LPI rankings and to use them with caution and discretion.

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5 Best practices for LPI rankings

The LPI rankings are a valuable tool for international logistics, but they should not be viewed as a quick fix. They must be interpreted and applied carefully, in addition to other sources of information and analysis. To make the most of the LPI rankings, it’s recommended to define your logistics goals and strategies, aligning them with your business objectives and needs. Additionally, use the LPI rankings as a benchmark, not a target, setting realistic and achievable goals for your logistics performance. Furthermore, the LPI rankings should be adapted to your specific context and situation, used as a catalyst for dialogue and collaboration with stakeholders such as customers, suppliers, partners, and regulators. Finally, use the LPI rankings as a learning opportunity to seek feedback and improvement from your logistics operations and processes.

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6 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

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How can logistics performance index rankings help you identify potential markets and suppliers?

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1 Benefits of LPI rankings

2 How to access LPI rankings

3 How to use LPI rankings

4 Limitations of LPI rankings

5 Best practices for LPI rankings

6 Here’s what else to consider

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