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On April 21, 2023, the World Bank published the 2023 Logistics Performance Index (LPI) report, which measures countries' performance in moving goods across borders quickly and reliably. This report on logistics services, the lifeblood of global trade, is of great importance following the supply chain disruptions experienced during the COVID-19 pandemic.
Now let us examine the scores of both Turkey and the top 10 countries in the 2023 report.
World Bank Logistics Performance Index 2023 Data
According to the LPI report, end-to-end supply chain digitalization in developing countries reduces port delays by up to 70% compared to developed countries. In addition, demand for green logistics services is rising, with 75% of exporters looking for environmentally friendly options when exporting to high-income countries.
Turkey is ranked 42nd in the 2023 list, and its Logistics Performance Index (LPI) score is as follows:
Country | LPI Score | Customs Score | Infrastructure Score | International Shipments Score | Logistics Competence and Quality Score | Timeliness Score | Tracking Score |
Turkey | 3.4 | 3.0 | 3.4 | 3.4 | 3.5 | 3.6 | 3.5 |
The scores of the countries among the top 10 economies in the World Bank's 2023 Logistics Performance Index report are as follows:
Country | LPI Score | Customs Score | Infrastructure Score | International Shipments Score | Logistics Competence and Quality Score | Timeliness Score | Tracking Score |
|---|---|---|---|---|---|---|---|
Singapore | 4.3 | 4.2 | 4.6 | 4.0 | 4.4 | 4.3 | 4.4 |
Finland | 4.2 | 4.0 | 4.2 | 4.1 | 4.2 | 4.3 | 4.2 |
Denmark | 4.1 | 4.1 | 4.1 | 3.6 | 4.1 | 4.1 | 4.3 |
Germany | 4.1 | 3.9 | 4.3 | 3.7 | 4.2 | 4.1 | 4.2 |
Netherlands | 4.1 | 3.9 | 4.2 | 3.7 | 4.2 | 4.0 | 4.2 |
Switzerland | 4.1 | 4.1 | 4.4 | 3.6 | 4.3 | 4.2 | 4.2 |
Austria | 4.0 | 3.7 | 3.9 | 3.8 | 4.0 | 4.3 | 4.2 |
Belgium | 4.0 | 3.9 | 4.1 | 3.8 | 4.2 | 4.2 | 4.0 |
Canada | 4.0 | 4.0 | 4.3 | 3.6 | 4.2 | 4.1 | 4.1 |
Hong Kong SAR, China | 4.0 | 3.8 | 4.0 | 4.0 | 4.0 | 4.1 | 4.2 |
Looking back at previous years, there is no significant change in the average LPI scores. The average LPI scores between the top 10 economies and the bottom 10 economies changed as follows:
• 2007: Top 10 economy average 4.1, bottom 10 economy average 1.8
• 2010: Top 10 economy average 4.0, bottom 10 economy average 2.1
• 2012: Top 10 economy average 4.0, bottom 10 economy average 2.0
• 2014: Top 10 economy average 4.0, bottom 10 economy average 2.1
• 2016: Top 10 economy average 4.1, bottom 10 economy average 1.9
• 2018: Top 10 economy average 4.0, bottom 10 economy average 2.1
• 2023: Top 10 economy average 4.1, bottom 10 economy average 2.1
Where Do Logistics Delays Occur?
According to the 2023 report, the greatest delays occur at seaports, airports, and multimodal facilities. It is crucial to improve policies targetting these facilities, speed up customs procedures, invest in infrastructure, and transition to digital technologies.
Efforts in sustainable logistics are also supported by the shift to less carbon-intensive transportation and energy-efficient warehousing. This way, important steps will be taken both in economic growth and the fight against poverty, and the competitiveness of countries will increase.
How Can Turkey Increase Its Performance in the Future?
Developments in the logistics sector and the digitalization process can also create positive effects on Turkey's trade volume. The report published by the World Bank not only reveals the current status of Turkey in logistics services but also serves as a guide for potential improvements and developments.
In summary, Turkey can make the following moves to increase its logistics performance:
• Speeding up customs procedures and reducing red tape
• Prioritizing infrastructure investments, especially the development of seaports, airports, and multimodal facilities
• Transitioning to digital technologies, digitalizing the supply chain, and improving end-to-end processes
• Increasing incentives for environmentally friendly and sustainable logistics services, transitioning to transportation methods that will reduce carbon emissions, and adopting energy-efficient warehousing solutions
Conclusion
In conclusion, the World Bank's 2023 Logistics Performance Index report provides critical insights into the importance of the logistics sector in world trade and how countries can increase their competitiveness in this field. Turkey's current situation and LPI scores highlight the crucial steps it needs to take to be more successful in international trade.
The success of Turkey's logistics performance is of great importance for the country's economic future, and accelerating progress in this area will yield significant benefits.
Bibliography: World Bank 2023 Logistics Report.
