The World Bank report presents the latest insight into the logistics performance of 139 countries.
Professor of Logistics Lauri Ojala at Turku School of Economics is one of the authors of the report and its original developers. The origins of the Logistics Performance Index (LPI) date back to end-1990s, when Ojala did development work for the World Bank on the Baltic States' foreign trade and transport sector. The World Bank published the first LPI report in 2007, data for which was collected at Turku School of Economics.
The 7th edition of the LPI report comes after three years of unprecedented supply chain disruptions during the COVID-19 pandemic and e.g. Russia’s aggression in Ukraine, when delivery times and freight costs soared.
The LPI, which covers 139 countries, measures the ease of establishing reliable 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 data has been collected with a comprehensive global survey of forwarding and logistics industry professionals. In the report, Finland ranked second after Singapore in the overall score in logistics functionality of foreign trade, and first when it came to countries where supply chain disruptions after 2019 were perceived to be the slightest.
”The LPI has had a significant global impact in raising awareness and establishing logistics as a cross-cutting policy concern. Over the years, LPI results have been cited in over 2,000 research articles and policy reports, and it has been adopted as an important KPI by numerous governments in their trade and transport related policy work”, Ojala says.