The European Chamber of Commerce of the Philippines said it welcomes the World Bank report which put the Philippines on the 43rd spot of 139 countries in terms of logistics performance index, representing an improvement of 17 spots from 60th place previously.
The ECCP said it continuously supports measures that will aid logistical efficiency and customs and trade facilitation in an increasingly globalized world where seamless and sustainable trade is essential.
The seventh edition of the LPI report came after three years of unprecedented supply chain disruptions during the COVID-19 pandemic, when delivery times soared.
The LPI, which covers 139 countries, measures the ease of establishing reliable supply chain connections and the structural factors that make it possible such as the quality of logistics services, trade and transport-related infrastructure and border controls.