New FM Global Resilience Index assesses countries for supply chain risk
The 2014 FM Global Resilience Index, released this week, finds that Norway, Switzerland and Canada top the list of nations most resilient to supply chain disruption, one of the leading causes of business volatility.
The first-of-its-kind Index, commissioned by FM Global, is an online, data-driven tool and repository ranking the business resilience of 130 countries. More than a year in development, the Index is designed to help executives better assess and manage supply chain risk.
The Index finds Kyrgyzstan, Venezuela and the Dominican Republic as the nations that are least resilient to supply chain disruption.
“Natural disasters, political unrest and a lack of global uniformity in safety codes and standards all can have an impact on business continuity, competitiveness and reputation,” said Jonathan Hall, executive vice president, FM Global. “As supply chains become more global, complex and interdependent, it is essential for decision makers to have concrete facts and intelligence about where their facilities and their suppliers’ facilities are located. The Resilience Index is a dynamic resource to better understand unknown risk in order to strategically prioritize supply chain risk management and investment efforts.”
2014 key findings include:
FM Global commissioned analytics and advisory firm Oxford Metrica to develop the rankings. The data comes from a combination of independent third-party sources and FM Global’s RiskMark benchmarking algorithm, which measures the risk quality of more than 100,000 insured commercial properties worldwide. The inaugural index allows for browsing of countries’ rankings and scores from 2011 to 2014, to reflect both improvements and declines in individual countries’ relative rankings.
•Date: 12th June 2014 • World •Type: Article • Topic: Operational risk