Jamaica dives in logistics ranking
The World Bank office is yet to say why, but Jamaica's global logistics ranking plunged to 119 out of 160 nations, resulting in one of the world's largest free falls, according to a newly released survey.
The previous report, which was released two years ago, ranked Jamaica at No. 70, which at the time placed it for the first time above the 100 marker.
Back in the 2014 report, the then Simpson Miller administration spoke about attracting investors to construct a multibillion-dollar logistics hub. Today, some argue that the project represented more talk than implementation. The reason for the decline, as assessed by the World Bank, remains unclear, however, as responses from the report's authors were outstanding up to press time.
Germany led the world, while the Caribbean countries of Bahamas at 78, Guyana at 85, and Dominica Republic, 91, surpassed Jamaica in the 2016 study titled Connecting to Compete 2016 - Trade Logistics in the Global Economy.
Countries were ranked using the Logistic Performance Index (LPI), which measures the time, cost and reliability to transport goods using air, sea and rail transport.
The LPI embodies the experience of logistics professionals worldwide and tries to capture the complexity of supply chains in synthetic indicators that are comparable across countries, the report noted.
Jamaica's current ranking is not its worst, however. Its standings across the years were: No. 124 out of 158 nations in 2012; No. 108 in 2010; and No. 118 in 2007.
In the various subrankings this year, Jamaica was scored at 92 out of 160 nations for Customs; infrastructure at 103; international shipments at 112; timeliness at 83; logistics quality and competence at 116; and tracking & tracing at 105; and timeliness at 125.
The report found that high-income countries dominated the world's top 10 performers, while war-torn Syria and politically turbulent Haiti scored the lowest.