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Supply
Chain by the Numbers |
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- July 20, 2012
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US Logistics Ranking Improves; Internet Sales Tax Ban Falling; China Cozies Up Still More to Africa; Ocean Shippers to Pay Big Bucks to Developing Nations?
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3.93 |
The composite US score on the third Logistics Performance Index from the World Bank, which rates the logistics effectiveness of 155 nations based on six criteria, from efficiency of the customs clearance process to track and trace capabilities. Each attribute is rated by appropriate freight forwarders on a scale of 1 (low) to 5 (high), and then averaged. The US placed ninth this year, up from 15th place in the 2010 report, behind number 1 Singapore, which averaged 4.13.
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$20 Billion
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Amount of money China said this week it will make available in low cost loans to African nations for infrastructure, agriculture, and other projects, as China continues to use its economic clout and vast foreign currency reserves to win influence in the resource-rich continent. China’s trade levels with African countries have double in the past six years. However, South Africa’s president said that the current model where African nations ship commodities to China and get back Chinese made finished goods was “unsustainable” in the long term.
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