Logistics costs as a percentage of GDP rose 0,7 percentage points in 2011 and 0,2 percentage points in 2012 to 12,8%.
"But that figure isn't representative," it says.
Total GDP is composed of primary (extraction), secondary (beneficiation) and tertiary (services) sectors. The first two are "transportable" as they are raw materials and manufactured goods. But services do not generate as much logistical demand.
Logistics costs as a percentage of transportable GDP are serious, having risen from 40% in 2009 to 46% in 2012. While costs were fairly stable for management and administration, warehousing and inventory carrying, transport costs shot up 24% between 2010 and 2011 and another 10,3% in 2012.
Source: Financial Mail via I-Net Bridge
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za
