Bangladesh moved up two spots in the logistics index but remained in the bottom spot among four South Asian economies, having lagged behind since 2019. Agility, a global logistics business with headquarters in Kuwait, released the results in its 15th annual edition.
Bangladesh is now placed 33rd out of 50 of the world’s most developed nations in the Agility Emerging Markets Logistics Index 2024.
Bangladesh ranked 35 in 2023, four places higher than in 2022, with a 4.53 out of 10 score.
Bangladesh’s 2024 total score is 4.6, whereas Pakistan’s score of 4.82 earned them the 29th spot, ahead of Sri Lanka on 26th, Malaysia on 4th, the United Arab Emirates on 3rd, India on 2nd, and China at the top of the pack.
While Pakistan dropped three spots from 26 in 2024, Sri Lanka rose from 30th place. China continued to hold the top spot, same as in prior years.
Bangladesh improved one spot to rank 16th on the domestic logistics opportunities gauge from 17th earlier, but fell to 36th place on the international logistics opportunities barometer in 2024 from 33rd previously.
Bangladesh moved up two spots to take 42nd place on the business basics strand and up five spots to 30th place on the digital-readiness strand.
The prime minister’s office has created the nation’s first-ever logistics policy, which is expected to be finalized soon, in an effort to increase the index of the logistics industry and instill discipline.
Investors in the logistics sector have emphasized how important it is to have a lead coordinator overseeing this enormous industry in order to pivot financial and economic activities.
Industry insiders claim that the lack of national rules, weak infrastructure, and an unregulated logistics sector have increased consumer import costs and fueled inflationary pressures.
They discover that the necessary government entities are not working together to handle the logistics industry.
