Preview

Improvements in Sri Lankan Logistics Industry in recent years and way forward

Better Essays
Open Document
Open Document
2943 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Improvements in Sri Lankan Logistics Industry in recent years and way forward
Improvements in Sri Lankan
Logistics Industry in recent years and way forward

Prasanna Liyanage BSc (Eng) , MBCS
0|Page

prasanna@telsara.com www.rfxworld.com INTRODUCTION :
With a steadily growing economy, big port projects and other infrastructure planned,
Sri Lanka is well placed to capitalise on its geographical location and take advantage of the fast growing Indian and Chinese economies. According to the government plan and the vision
Sri Lanka to be south Asia's emerging Maritime and air hub. Sri Lanka's mission is to continue the momentum to become an integral part of South Asia’s drive to position itself as one of the most important global economic areas.

Sri

Given the limited size of Sri Lanka’s

International Ranking has improved

domestic market, targets set by the

from 137 to 81 in the World Bank

government on export growth cannot

Logistics Performance Index 2012.

be

met

without

a

Lanka's

Logistics

Sector's

significant

improvement in export performance.
Both export product categories and

Sri Lanka has made progress in this index thanks to the improvements it has

destinations need to be diversified.

made

A concerted effort to plug into Asian

infrastructure, international shipments,

supply

logistics

chains

will

also

be

particularly important. At a time when the global economic centre of gravity is shifting from West to East,
Sri Lanka needs to address a situation where 60% of its exports

in

areas

quality

such

and

as

customs

competence,

tracking, tracing and timeliness.
The rating, which is being conducted once in every two years is based on 6000 individual country assessments by nearly

are directed to the sluggish markets

1,000 international freight forwarders,

of Europe and North America and

who rates the eight foreign countries

less than 10% to the dynamic

their company serves most frequent

You May Also Find These Documents Helpful

  • Satisfactory Essays

    He estimates the circumference of Sri Lanka at 2400 miles, adding that it was once much bigger, measuring 3500, “as appears in the mariners’ charts of this sea.” He explains, “The north wind blows so strongly in these parts that it has submerged a great part of this island under the sea.”…

    • 302 Words
    • 1 Page
    Satisfactory Essays
  • Satisfactory Essays

    BRADLEY S. JACOBS is the Chief Executive Officer of XPO Logistics, Inc. A career CEO, he has led two public companies. United Rentals, Inc., which he cofounded in 1997; and United Waste Systems, Inc., founded in 1989. Mr. Jacobs served as Chairman and CEO of United Rentals for the company's first six years, and as Executive Chairman for an additional four years. He served eight years as Chairman and CEO of United Waste Systems. Previously, Mr. Jacobs founded Hamilton Resources (UK) Ltd. and served as its Chairman and Chief Operating Officer. This followed the cofounding of his first venture, Amerex Oil Associates, Inc., where he was Chief Executive. Mr. Jacobs is a member of the board of directors of the Beck Institute for Cognitive Behavior Therapy.…

    • 2137 Words
    • 9 Pages
    Satisfactory Essays
  • Good Essays

    Global Agenda Council on Logistics & Supply Chain Systems 2012-2014 Outlook on the Logistics & Supply Chain Industry 2013 July 2013 Published by World Economic Forum, Geneva, Switzerland, 2013 All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, or otherwise without the prior permission of the World Economic Forum. World Economic Forum 91-93 route de la Capite CH-1223 Cologny/Geneva Switzerland Tel.: +41 (0) 22 869 1212 Fax: +41 (0) 22 786 2744 contact@weforum.org www.weforum.org Contents 4 5 6 8 Message from the World Economic Forum Global Agenda Council on Logistics & Supply Chain Systems, 2012-2014 Members…

    • 21599 Words
    • 87 Pages
    Good Essays
  • Powerful Essays

    Research is exploratory one as the initiative has been taken to carry out the analysis of logistics industry and its various parameters. The analysis and comparison is done by using different econometrics tools and models.…

    • 3642 Words
    • 15 Pages
    Powerful Essays
  • Better Essays

    However Sri Lanka on its developing journey has planned many a routes to shine on the World Map, to attract foreign interest and investment and though the pearl of the Indian Ocean to shine like a new found star.…

    • 1645 Words
    • 7 Pages
    Better Essays
  • Satisfactory Essays

    Mcdonalds in Sri Lanka

    • 286 Words
    • 2 Pages

    How and why did they pick Sri Lanka? (Was it part of their south East Asian Plan?)…

    • 286 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    The Report “Future of the Sri Lankan Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2019″ by Strategic Defense Intelligence Group is now available at MarketReportStore.com . Contact sales@marketreportsstore.com with “Future of the Sri Lankan Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2019 ″ in subject line and your contact details to purchase this report or get your questions answered.…

    • 817 Words
    • 4 Pages
    Satisfactory Essays
  • Best Essays

    After 30 years of civil war, Sri Lankan economy is one of the fasters growing economies in the world. As a country, need for electricity also in high side in relation with the economic growth. Investors from all over the world are looking for opportunities in the country while Sri Lankan government is strongly involving to develop infrastructure ground works all over the Island including highway transportation and Power generation.…

    • 893 Words
    • 4 Pages
    Best Essays
  • Better Essays

    Chennai Port, the third oldest port among the 12 major ports, is an emerging hub port in the East Coast of India. This gateway port for all cargo has completed 128 years of glorious service to the nation’s maritime trade.…

    • 2340 Words
    • 10 Pages
    Better Essays
  • Powerful Essays

    srilanka

    • 1332 Words
    • 6 Pages

    3. Aware of the common problems, interests and aspirations of the peoples of SOUTH ASIA and the need for joint action and enhanced cooperation within their respective political and economic systems and cultural traditions;…

    • 1332 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    Introduction: The end of Sri Lanka’s long-running civil war in May 2009 and prevalence of peace for more than four years has given a new rays of hope to usher an era of sustained positive growth and economic development. Sri Lanka can still be a difficult place to business due to poor infrastructure, corruption and erratic policy environment, but the geographical natural location, the rich culture and cheap skilled labour forces can still outpaces the pulling forces and can prove a great destination for investment. Nonetheless compared to other South Asian emerging market it’s relatively open to foreign investment and offers relatively open financial system, well educated skilled workforce. Some US and other advance countries have realised worthwhile returns on investment in Sri Lanka…

    • 4755 Words
    • 20 Pages
    Powerful Essays
  • Powerful Essays

    Brics

    • 3027 Words
    • 13 Pages

    India who are emerging superpowers of the world, the benefits to S.A as a country are…

    • 3027 Words
    • 13 Pages
    Powerful Essays
  • Powerful Essays

    South Asia Regional Study

    • 3677 Words
    • 15 Pages

    I would like to address three questions pertaining to the topic assigned to me this morning. The first question is: How have the South Asian economies fared in the last decade and what are their prospects for the future. The second question is: How well they have done compared to other competitor developing regions particularly East Asia? Finally, how have these countries positioned themselves to meet the challenges of globalization and what should they be doing to maximize the benefits of globalization? Economic situation and prospects South Asia has grown at 5.6 percent in the decade of 1990s – faster than for lowincome countries but slower than the East Asian countries. The wide ranging reforms that have been implemented in this region during the last ten years or so have brought about some fundamental changes in the economic landscape and removed some of the major constraints that were retarding the progress of this region. Let me recapitulate them briefly. First, there is now a broad political consensus about the thrust and direction of economic policies in almost all the countries. The defeat of BJP Government in the recent Indian elections should not be construed as an indictment of reforms but a manifestation of the growing impatience of the electorate that these reforms have not been deep, pride and fast enough to touch the lives of the majority of the population. This political consensus has survived many changes of the governments in India since 1991 and the alternating shift of power in Pakistan, Bangladesh and Sri Lanka. Second, reliance on private sector as the main investor, producer and distributor of goods and services has replaced the old notion of the commanding heights model of the economy in which State and State-owned enterprises were the main tools of industrial development. The demise of Licence Raj has given rise to a healthy competitive environment in…

    • 3677 Words
    • 15 Pages
    Powerful Essays
  • Satisfactory Essays

    news channels

    • 1407 Words
    • 6 Pages

    Changes in the global balance of power, India's economic rise, and South Asia's continuing political and social ferment, are attracting worldwide attention. In addition, Pakistan, Afghanistan, Sri Lanka, Bangladesh, Nepal, Bhutan, and the Maldives are on the global radar for their political developments, social upheavals, festering insurgencies, military actions and environmental challenges.…

    • 1407 Words
    • 6 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Current Affairs

    • 640 Words
    • 3 Pages

    International Current Affairs 2012. India on 18 January 2012 announced a substantial increase in educational assistance, being given to Sri Lanka…

    • 640 Words
    • 3 Pages
    Satisfactory Essays

Related Topics