Global Ranks and India

Dear Readers,

Last month India bettered its ranking in the World Bank’s Logistics Performance Index (LPI) from 44 to 38. Singapore was at number one. The 2023 LPI for the first time measured the speed of trade with indicators derived from big datasets tracking shipments.

The top 12 scorers in the 2023 LPI are high-income economies, with Singapore, scoring 4.3, at the top, followed by eight European countries and the United Arab Emirates, Hong Kong SAR, China, and Canada.

Another global ranking released by the United Nations Conference on Trade and Development (UNCTAD), was on Green Tech Transition. Green frontier technologies such as electric vehicles, solar and wind energy, and green hydrogen are expected to reach a market value of $2.1 trillion in 2030 – four times greater than their value today. Market revenues for electric vehicles could rise five times to reach $824 billion by 2030 from today’s value of $163 billion. The index ranked 166 countries on their preparedness on green-tech with these five indicators - ICT, skills, research and development, industrial capacity, and finance. The high-income economies, notably the United States, Sweden, Singapore, Switzerland, and the Netherlands dominated the rankings. India at 46 fell by 3 from 43 in 2021. We need to understand where we lag despite the government’s push on sustainability.

Our Cover Story on Sustainability in Chemical Value Chain deep dives into the critical actionable required for this fastest growing industry in India, having been a global outperformer in demand growth and shareholder wealth creation over the last decade.

We at Celerity Supply Chain Tribe are extremely positive on India’s global growth, both in terms of logistics performance as well as contribution to sustainability.

Cheers and Godspeed!

Charulata Bansal

Publisher

Charulata.bansal@celerityin.com www.supplychaintribe.com