Improvements in Sri Lankan Logistics Industry in recent years and way forward
Improvements in Sri Lankan
Logistics Industry in recent years and way forward
Prasanna Liyanage BSc (Eng) , MBCS
0|Page
prasanna@telsara.com www.rfxworld.com INTRODUCTION :
With a steadily growing economy, big port projects and other infrastructure planned,
Sri Lanka is well placed to capitalise on its geographical location and take advantage of the fast growing Indian and Chinese economies. According to the government plan and the vision
Sri Lanka to be south Asia's emerging Maritime and air hub. Sri Lanka's mission is to continue the momentum to become an integral part of South Asia’s drive to position itself as one of the most important global economic areas.
Sri
Given the limited size of Sri Lanka’s
International Ranking has improved
domestic market, targets set by the
from 137 to 81 in the World Bank
government on export growth cannot
Logistics Performance Index 2012.
be
met
without
a
Lanka's
Logistics
Sector's
significant
improvement in export performance.
Both export product categories and
Sri Lanka has made progress in this index thanks to the improvements it has
destinations need to be diversified.
made
A concerted effort to plug into Asian
infrastructure, international shipments,
supply
logistics
chains
will
also
be
particularly important. At a time when the global economic centre of gravity is shifting from West to East,
Sri Lanka needs to address a situation where 60% of its exports
in
areas
quality
such
and
as
customs
competence,
tracking, tracing and timeliness.
The rating, which is being conducted once in every two years is based on 6000 individual country assessments by nearly
are directed to the sluggish markets
1,000 international freight forwarders,
of Europe and North America and
who rates the eight foreign countries
less than 10% to the dynamic
their company serves most frequent
Logistics Industry in recent years and way forward
Prasanna Liyanage BSc (Eng) , MBCS
0|Page
prasanna@telsara.com www.rfxworld.com INTRODUCTION :
With a steadily growing economy, big port projects and other infrastructure planned,
Sri Lanka is well placed to capitalise on its geographical location and take advantage of the fast growing Indian and Chinese economies. According to the government plan and the vision
Sri Lanka to be south Asia's emerging Maritime and air hub. Sri Lanka's mission is to continue the momentum to become an integral part of South Asia’s drive to position itself as one of the most important global economic areas.
Sri
Given the limited size of Sri Lanka’s
International Ranking has improved
domestic market, targets set by the
from 137 to 81 in the World Bank
government on export growth cannot
Logistics Performance Index 2012.
be
met
without
a
Lanka's
Logistics
Sector's
significant
improvement in export performance.
Both export product categories and
Sri Lanka has made progress in this index thanks to the improvements it has
destinations need to be diversified.
made
A concerted effort to plug into Asian
infrastructure, international shipments,
supply
logistics
chains
will
also
be
particularly important. At a time when the global economic centre of gravity is shifting from West to East,
Sri Lanka needs to address a situation where 60% of its exports
in
areas
quality
such
and
as
customs
competence,
tracking, tracing and timeliness.
The rating, which is being conducted once in every two years is based on 6000 individual country assessments by nearly
are directed to the sluggish markets
1,000 international freight forwarders,
of Europe and North America and
who rates the eight foreign countries
less than 10% to the dynamic
their company serves most frequent