M'sia jumps 15 ranks in World Bank's 2023 Logistics Performance Index

KUALA LUMPUR: Malaysia has jumped 15 ranks in the World Bank Logistics Performance Index (LPI) 2023 to 26th rank, the second-best performing Asean country after Singapore.

In a statement today, Malaysia Productivity Corporation (MPC) director general Datuk Abdul Latif Abu Seman said this was a significant improvement from rankings of 41 in 2018 and 32 in 2016, and the best ranking Malaysia has attained was 25 in the World Bank LPI 2014 report.

The seventh edition of Connecting to Compete, the LPI report comes after three years of supply chain disruptions during the Covid-19 pandemic and covers the latest view on the trade logistics performance of 139 countries.

Abdul Latif said the LPI report was a benchmarking tool to help countries identify where improvements in international trade logistics can be made to increase competitiveness.

-- BERNAMA