World Bank Releases Logistics Performance Index 2023

Resilience and reliability are crucial when running logistics

The World Bank today released its 2023 Logistics Performance Index report, a measure of countries’ ability to move goods quickly and reliably across borders.

The seventh edition of Connect to compete, the Logistics Performance Index (LPI) report comes after three years of unprecedented supply chain disruptions during the COVID-19 pandemic, when delivery times skyrocketed. Covering 139 countries, the LPI measures the ease of establishing reliable supply chain connections and the structural factors that make this possible, such as the quality of logistics services, trade and transport related infrastructure and border controls.

Averaged over all potential trade routes, 44 days pass from the moment a container enters the port of the exporting country to the moment it leaves the port of destination, with a standard deviation of 10.5 days. That span represents 60 percent of the time it takes to trade goods internationally.

According to LPI 2023, end-to-end digitization of the supply chain, especially in emerging economies, will enable countries to reduce port delays by up to 70% compared to those in developed countries. In addition, demand for green logistics is on the rise, with 75 percent of shippers looking for eco-friendly options when exporting to high-income countries.

Such policies include improving customs clearance processes and investing in infrastructure, applying digital technologies and promoting environmentally sustainable logistics by switching to less carbon-intensive freight modes and more energy-efficient storage.

Download the report:

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