PKT Logistics Group Sdn Bhd managing director Datuk Seri Micheal Tio: “The LPI is a key indicator for investors when they do their evaluation on whether Malaysia is capable of doing logistics for them or not. This data must be used (in their evaluations). “The investors want their goods to be distributed in a cheap and efficient way. If the government knows this, then they would know what to do,”
KUALA LUMPUR: The logistics sector in Malaysia needs to urgently move forward against the backdrop of greater competitive landscapes as Thailand and Vietnam have recently overtaken the country in key industry rankings.
This is necessary given that Malaysia had fallen behind in the World Bank’s Logistics Performance Index (LPI), where the country saw its position drop to 41 out of 160 countries – compared with its ranking of 25 in 2014 and 32 in 2016.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
