Bangladesh makes advance in logistics competency

07 Feb '24

1 min read

Pic: Adobe Stock

Insights

Bangladesh has made further advance in logistics, rising to 33rd place among the top emerging markets, as per the 2024 Agility Emerging Markets Logistics Index.
This progress is primarily attributed to domestic logistics, digital readiness, and business fundamentals.
Despite improvement, it remains the lowest ranked among the South Asian economies.

Bangladesh's logistics sector has made a further progress, climbing to 33rd position among the top 50 emerging logistics markets worldwide in 2024.

This is as per the Agility Emerging Markets Logistics Index.

The index evaluates competitiveness based on domestic and international logistics opportunities, business fundamentals, and digital readiness.

Bangladesh scored 4.61 out of 10 in these metrics.

Bangladesh’s rise is primarily attributed to domestic logistics, digital readiness, and business fundamentals.

Despite the improvement, Bangladesh still lags other South Asian economies.

India ranked second, offering attractive investment prospects as an alternative to China while Sri Lanka and Pakistan held 26th and 29th positions, respectively.

The country has remained the lowest ranked among South Asian peers since 2019.

Meanwhile, Syed Ershad Ahmed, president of the American Chamber of Commerce in Bangladesh, applauded the sector's advancement, highlighting its role in bolstering competitiveness.

He stressed the necessity for a National Logistics Policy and enhanced customs clearance processes for further progress.

Fibre2Fashion News Desk (DR)

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