Survey of literature on Measuring Logistics cost: A Developing Country’s Perspective

In today’s world, economic climate changes more quickly, and countries realize that globalization has made the world smaller and more competitive. Also, customers seek products and services that can respond to their specific needs and firms make effort to create competitive advantages to keep their profit and market share. All of the above trends lead firms and countries to focus on efficient logistics system. In this context, almost all developed economies and a few emerging economies estimate national logistics cost on a regular basis to understand the efficiency of their logistics system. This paper makes an attempt to survey the literature on logistics cost estimation with special emphasis from the perspective of a developing country like India where estimation is a challenge due to limitation of data.