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Logistics costs sharply higher

1 Jul 2013

Logistics costs as a percentage of gross domestic product (GDP) are slowly coming down but this masks what transport and logistics companies actually pay, says the CSIR's 2012 State of Logistics survey.

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

Source: I-Net Bridge

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