Transport Logistics & Economic Integration

A good Transport Logistics System should improve efficiency, by optimizing operation cost and service delivery, thereby adding to company's overall competitiveness. It should be able to convert resources into useful goods; goods become useful only when the right goods are delivered at the right place, at the right time, in right condition, and at the right cost. Transport is the single most expensive component of trade logistics and an adequate infrastructure is required to facilitate transportation. It is difficult for a manufacturer to export at a competitive price or import at a competitive cost if the transport and logistics sector is inefficient. High prices, poor service, and a lack of certainty in transport and logistics can translate into the effective isolation of a country from world markets.