Jakarta, CNBC Indonesia – Indonesia’s Logistics Efficiency Index (LPI) in 2023 is falling. Out of 139 international locations, Indonesia is ranked 63rd, down 17 rankings from forty fifth place in 2018.
Based mostly on knowledge launched from the World Financial institution, which was quoted on Wednesday (17/5/2023) Indonesia’s logistics efficiency is inferior to neighboring international locations akin to Singapore, Malaysia and Thailand.
Indonesia’s LPI rating was recorded at 3.0. This rating has additionally decreased when in comparison with 2018 knowledge, at the moment Indonesia’s LPI rating reached 3.15.
In the meantime, LPI’s efficiency is calculated primarily based on six dimensions, particularly customs, infrastructure, worldwide shipments, logistics competence and high quality, timelines, and monitoring & tracing.
Of the 6 LPI indicators, Indonesia skilled a rise on the customs facet from 2.67 in 2018 to 2.8. In the meantime, the infrastructure indicator additionally recorded a rise to 2.9 from the earlier 2.89.
4 indicators have been noticed to have decreased, with the most important being the Timelines dimension from 3.67 to three.3. Moreover, monitoring & tracing dropped from 3.3 to three.0, then Worldwide Shipments weakened from 3.23 to three.0, and logistics competence & high quality weakened from 3.10 to 2.9.
When in comparison with international locations within the Southeast Asian area, that are included on this report, Singapore ranks first with an LPI rating of 4.3, adopted by Malaysia which ranks thirty first globally, with an LPI rating of three.6.
Indonesia is even nonetheless behind from Thailand which is ranked thirty seventh globally, with an LPI rating of three.5. In the meantime, the Philippines and Vietnam are respectively in forty seventh and fiftieth place with the identical LPI rating of three.3.