Sticker shock on the cost of logistics in Cambodia is partially to blame for being a drag on the country’s ability to compete with neighboring supply chains, a World Bank Group report found.
A June economic update on Cambodia, released this month by the World Bank, aimed to look at the country’s goods movement systems as it bounces back from Covid-19 and manages through current headwinds, such as rising fuel prices and the effects of the war in Ukraine.
“The pandemic has resulted in unprecedented global supply chain disruptions, which do not yet show clear signs of waning,” the report said, pointing to the “pressing” need for “transformative reforms” when it comes to the country’s transportation systems if it is to recover from the effects of the pandemic on its garment factories, tourism and exports such as agriculture.
