The American insurance company FM Global has published an annual index of business and supply chain resilience to any disruption. The best in the overall ranking were Norway, Switzerland and Denmark. Fourth place was taken by Germany, followed by Sweden, Finland, Luxembourg, Austria, central and eastern USA and the United Kingdom.
The annual Resilience Index, published in May by FM Global, one of the world’s largest commercial real estate insurers, ranked nearly 130 countries and regions for the resilience of their business environments.
It provides companies with objective information on the economy, quality of risk and resilience of the supply chain in each country, factors that are key to a smooth recovery after a pandemic. The ranking is based on evaluation of 12 factors falling into 3 categories – economics (e.g. political stability, urbanisation index, oil consumption, productivity), risk quality (e.g. cyber risk, exposure to natural hazards, fire risk) and the supply chain (including the quality of infrastructure, corporate governance, supply chain transparency and corruption control). FM Global analysed these indicators also on the basis of countries’ response to the coronavirus epidemic, which allowed it to assess the markets in terms of maintaining stability and coping with the crisis. As a result, the high ranking countries are in a good position to foster economic recovery after the pandemic.
Especially after a crisis like COVID-19, resilience is critical for people, countries and businesses,” said Kevin Ingram, executive vice president and chief financial officer (CFO) of FM Global. “A country’s ranking in the 2020 FM Global Resilience Index is a good indication of how its business environment will fare and how quickly organizations there might rebound after taking the economic blow of the coronavirus. These are critical insights for businesses making far-reaching choices as they build facilities, extend supply chains and cultivate new markets.”
Countries particularly resilient to disruption
The best in the overall ranking were Norway, Switzerland and Denmark. Fourth place was taken by Germany, followed by Sweden, Finland, Luxembourg, Austria, central and eastern USA and the United Kingdom. The last ten positions were taken by Nicaragua, Nepal, Mali, Mozambique, Iran, Lebanon, Chad, Ethiopia, Venezuela, and in 130th place, Haiti.
You can check the data on other countries on the interactive map of the ranking.
Image: FM Global Resilience Index