Based on a worldwide survey of global freight forwarders and express carriers, the Logistics Performance Index is an interactive benchmarking tool developed by the World Bank that measures performance along the logistics supply chain within a country. the index can help countries identify challenges and opportunities and improve their logistics performance. The World Bank conducts the survey every two years.
The Logistics Performance Index (LPI) summarizes the performance of countries in six areas that capture the most important aspects of the current logistics environment:
1. Efficiency of the customs clearance process.
2. Quality of trade and transport-related infrastructure.
3. Ease of arranging competitively priced shipments.
4. Competence and quality of logistics services.
5. Ability to track and trace consignments.
6. Frequency with which shipments reach the consignee within the scheduled or expected time.
The LPI is an interactive benchmarking tool created to help countries identify the challenges and opportunities they face in their performance on trade logistics and what they can do to improve their performance. The LPI 2016 allows for comparisons across 160 countries.