Malaysia emerges as the second-best performing Asean country after Singapore after moving up 15 ranks in the World Bank Logistics Performance Index (LPI) 2023 to rank 26.
“(This is) the best ranking Malaysia has attained in the World Bank LPI 2014 report,” Malaysia Productivity Corp (MPC) DG Datuk Abdul Latif Haji Abu Seman said in a statement.
It was a major improvement from rankings of 41 in 2018 and 32 in 2016. The last edition of the report was published in 2018.
The LPI report, the seventh edition of “Connecting to Compete”, comes after three years of supply chain disruptions during the Covid-19 pandemic and covers the latest view on trade logistics performance of 139 countries.
Abdul Latif said the LPI report is a benchmarking tool to help countries identify where improvements in international trade logistics can be made to increase competitiveness.
LPI measures the ease of establishing reliable and timely supply chain connections and the structural factors that make it possible, such as the quality of logistics services, trade and transport-related infrastructure, and border controls.
The latest LPI 2023 edition introduces a new set of key performance indicators, derived from a big data approach, measuring the speed of trade globally. The indicators are based on technological advances in tracking actual high-frequency international movements of maritime shipping, containers, air freight and postal parcels by trade lane and gateway, it said.
