Industrialization and increasing consumer demand led to the development quality transportation system. The success of any product depends on its availability to its customers. Moreover, If the artifact is not accessible to the consumer on its demand, it will fail. It is as crucial to developing effective and best logistic services. just like creating product design, manufacturing equipment, and human resource. Logistics involve planning and executing gathering resources, storing, final products, transport, and making them available to the relevant market.
Pakistan Logistics Industry and economy
Pakistan is the fifth most populated country with 212 million people. Its geographic area is equal to the combined area of the UK and France. On the other hand, such a large population spread over the vast state. Pakistan significantly needs an efficient logistic system to assure the availability of goods and services across the country. Developing a good logistic industry is important because it contributes to Pakistan’s economy. According to facts, the logistic industry contributes 22% of the service sector and provides 6% of the total employees. Pakistan’s logistic sector gore 3.34% in 2019 and contribute 12.9 % to GDP.
Strategic location and transit trade path are strengthing logistic sector. The CPEC, SEZ, and industrial parks are strengthening the Logistic industry. Moreover, Pakistan offers facilities for international transport via Airport, ground, and seaport.
Pakistan has a very large Logistic industry. Its value is approximate 35$ billion and double-digit growth. Pakistani Government central has focused on hard logistics in the last 2 decades. It is in 97 positions amongst 167 countries in the Logistic Performance index in 2019 reports. Logistic industries are continuously improving and investing as well. The industrial sector is growing fastly in the last two decay. As a result logistic sector improve to transport goods and fulfill industrial sector demands.
Efficiency is the core value for the success of any business. Logistic industries can’t achieve competence by having high-quality trucks. If Government offers low-interest-rate finance for buying the truck. It helps to improve Logistics and decrease freight costs. Another issue is the shortage of well-trained drivers, most companies don’t focus on them. Trained drivers in well-maintained vehicles to reduce freight cost and use optimal routes.
The railway cargo has constantly been ignored. Road transport is generally preferred over rail transport because it is fast and easy to control. The government is developing rail infrastructure that can carry at least 25% of all freight. By making effective use of rail freight, transportation costs can be reduced.
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