Eat my dust!: Singapore tops World Bank's trade logistics survey

Singapore bested 155 other economies including the likes of Germany and Japan in terms of logistics performance.

According to a World Bank study based on a comprehensive world survey of international freight forwarders and express carriers, countries like Chile, China, India, Morocco, South Africa, Turkey, and the U.S. all improved their previous performance.

World Bank announced, “In the upper-middle income country category, top performers include South Africa, China and Turkey. In the lower middle income category, India, Morocco and the Philippines have above average performance improvements. And among low-income countries, outperformers included Benin, Malawi and Madagascar.”

The survey, which for the first time included environmental indicators, also found that green logistics is quickly gaining prominence in high-income and emerging economies. Large logistics providers, according to World Bank, all now have global initiatives to reduce their carbon footprint, shift to more efficient vehicles, make facilities more efficient, and help clients become more green-friendly.

Mona Haddad, Sector Manager of the World Bank’s International Trade Department, said, “All top performers show strong cooperation between the public and private sectors, and a comprehensive approach in the development of services, infrastructure, and efficient logistics.”

See the 2012 Logistics Performance Indicators rankings here.