Korea ranks 17th in the world in terms of logistics competitiveness

The World Bank publishes the LPI index every two years, ranking more than 160 countries and territories worldwide on their competitiveness in this field. During the COVID-19 period, the WB was unable to conduct the survey, so this is the first report published in 5 years since 2018.

The Korean Chamber of Commerce and Industry (KORCHAM) said on June 26, that Korea ranked 21st in 2014, 24th in 2016, and 25th in 2018. This year, Korea entered for the first time. Top 20. Among Asian countries, Singapore ranked first.

Experts point out that national logistics competitiveness is not only closely related to the competitive ranking of enterprises globally, but also effectively attracts foreign enterprises to invest and transport goods. domestic.

Among the items that make up the LPI index, Korea ranks 7th in the category of "customs clearance", and 9th in "logistics infrastructure", which is analyzed as a result of the simplified or reduced customs clearance process. Basic floors such as airports and seaports have been upgraded.

However, the remaining categories are all outside the Top 20, such as "cargo tracking" (23rd), "timeliness" (25th), and "convenience in freight rate calculation" (26th). ), "logistics services" (20th). This poses an urgent problem for the Korean logistics industry to ensure competitiveness in the software system that provides and operates logistics services.

KORCHAM proposed that the Korean Government should accelerate the digital transformation of the logistics industry, establish a gross data platform to improve the quality of accurate and on-time freight tracking and strengthen support for the logistics industry. small and medium logistics enterprises to improve service quality./.