In our country, the transportation cost is rising historically thus is unbearable. It has almost doubled over the years making the whole Logistics, Storage and Supply Chain circumference quite expensive henceforth advancing the circumstances of high transportation prices towards points of no return said ateeq ur rehman (economic & financialy analyst).
Ballooning Petroleum prices, growing Energy cost and dilapidated Infrastructure has made transportation cost as towering. This is hampering the cost of production by damaging the cost of doing business. This is helping the inflation to grow more and more eventually influencing the poverty and starvation to spread.
Today’s food inflation is 46 percent and the main reason of its rise is Overland Transportation, which for example is a big Impediment of inflating prices mostly for produce goods journey from Farm to Market or from Industry to Market. Eventually it is overland transportation’s accelerated cost.
He added that at this point of time, majority of the people are the prey of high cost of essential goods. If this continues with same speed (by the passage of time) almost two Crore people will further fall below poverty level whereas twenty lacs are continuing to be jobless, the unemployment ratio has elevated to 11 percent.
We have to control our “Transportation Prices” at any cost, then the government should adopt “The Hybrid Economy Principals”, where Private Sector participates with Public Sector to control the uncontrollable situation of prices. In 1960s we have seen the participation of Hybrid Economy which has proved wonderful. One failed to understand as to what is stopping us to follow it and solve the financial crunch of the public sector by private sector especially in transforming the goods to the consumers in affordable prices said ateeq.
