Bangladesh makes advance in logistics competency
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)