Hurricanes, earthquakes, terror and political upheaval all took a toll.
In addition, three emerging drivers of resilience have come to the forefront in recent years that are now included in the 2017 FM Global Resilience Index: the rate of urbanization, inherent cyber risk and supply chain visibility.
Resilience against events that could disrupt operations is a top priority for business executives seeking to minimize risk and maximize performance across their operations.
The ability of businesses to overcome disruptions throughout the world can make all the difference.
The FM Global Resilience Index is an annual ranking of 130 countries and territories according to their enterprise resilience to disruptive events.
Rankings are calculated as an equally weighted composite of 12 core drivers that affect the enterprise resilience of countries significantly and directly.
The historical data in this year’s index has been updated and calculated on this new basis for each of the last five years to enable valid historic comparison.
Here are the key results.
Switzerland occupies the top position in the 2017 FM Global Resilience Index. This reflects the fact that Switzerland is among the best in the world for its infrastructure and local suppliers, its political stability, control of corruption and economic productivity.
Luxembourg has risen gradually from eighth in 2013 to second in 2017, owing partly to its reduced reliance on oil for economic productivity. This reflects the continued growth in the importance of its services sector. Luxembourg enjoys a strong reputation for its financial sector, its network of service providers and its responsive, business-friendly regulations.
The country is well-placed to benefit from financial institutions that may be seeking a new home, post-Brexit, following the United Kingdom’s departure from the European Union.
Read more at How Does Your Supply Chain Resilience Rank?
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