Deep-rooted inefficiencies that increase costs and reduce competitiveness
Heavy reliance on brokers and multiple layers of middlemen inflates pricing and creates lack of transparency in negotiations, contract terms, and service delivery.
Rates vary significantly based on negotiation power rather than operational cost, creating uncertainty for clients and limiting scalability for service providers.
Vessel operators, suppliers, contractors function independently with minimal coordination, leading to delays, duplication of efforts, and poor asset utilization.
Manual documentation and informal communication channels limit visibility across supply chains, making it difficult to track shipments or optimize operations.
Inconsistent availability of vessels, materials, and support services leads to delays in cargo movement and project execution, impacting timelines and costs.
Navigating port operations, import-export processes, and safety compliance often leads to delays and additional costs due to lack of streamlined processes.
These inefficiencies collectively increase the cost of logistics in Bangladesh, reduce competitiveness for businesses, and create barriers to scalability within the sector.