WorldBank Container Port β Performance Index, 2023
Summary
The maritime industry is crucial for global trade, with over 80 percent of merchandise transported through sea routes, and containerization playing a key role in manufacturing and supply chains.
High-quality container ports are essential for export-led growth strategies, as they facilitate investment, create employment opportunities, and raise income levels. However, poor performance at ports can lead to shipment delays, disruptions in supply chains, increased costs, and reduced competitiveness, impacting economic growth and poverty reduction. This is especially significant for landlocked developing countries and small island developing states. Efficient port infrastructure is essential for the smooth operation of global supply chains and is crucial for the growth strategies of emerging economies.
Region:
Global
Published:
June 2024
Author(s):
WorldBank
Language:
English