Executive Briefings

Index Ranks Countries With Greatest Risks to Your Supply Chain

When the Fukushima disaster rocked Japan in 2011, it created a serious disruption to the global supply chains of electronics, automobile and other major industries. Where should you focus your risk management efforts to avoid this kind of disruption?

Index Ranks Countries With Greatest Risks to Your Supply Chain

The recently released 2015 FM Global Resilience Index ranks the supply chain resilience of 130 countries and territories. The index aggregates nine drivers of resilience into three factors - economic, risk quality and the supply chain itself.

The report aids in determining risk and opportunities in the supply chain in four key areas:

1. Selecting suppliers based on the supply chain risk/resilience of the countries in which they are located
2. Deciding where to locate facilities
3. Evaluating the resilience of the countries hosting existing facilities
4. Assessing the supply chain resilience of countries where customers' facilities are based

Key Findings
Norway, ranked 1, and Switzerland, ranked 2, hold the top places in the index. Norway achieves this with consistently high scores across the three core factors of resilience: economic, risk quality and the supply chain itself. Norway's high score for risk quality depends strongly on minimal natural hazard exposure.

Switzerland scores highly on economic and supply chain factors (where the country leads). In particular, Switzerland scores best in the world for an extensive and efficient infrastructure.

Qatar, ranked 7, and Finland, ranked 9, are new to the top 10 this year. Qatar benefits from macroeconomic stability, efficient goods and labor markets, and a high degree of security. The country owes its jump in position to a considerable improvement in commitment to fire risk management in the region.

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The recently released 2015 FM Global Resilience Index ranks the supply chain resilience of 130 countries and territories. The index aggregates nine drivers of resilience into three factors - economic, risk quality and the supply chain itself.

The report aids in determining risk and opportunities in the supply chain in four key areas:

1. Selecting suppliers based on the supply chain risk/resilience of the countries in which they are located
2. Deciding where to locate facilities
3. Evaluating the resilience of the countries hosting existing facilities
4. Assessing the supply chain resilience of countries where customers' facilities are based

Key Findings
Norway, ranked 1, and Switzerland, ranked 2, hold the top places in the index. Norway achieves this with consistently high scores across the three core factors of resilience: economic, risk quality and the supply chain itself. Norway's high score for risk quality depends strongly on minimal natural hazard exposure.

Switzerland scores highly on economic and supply chain factors (where the country leads). In particular, Switzerland scores best in the world for an extensive and efficient infrastructure.

Qatar, ranked 7, and Finland, ranked 9, are new to the top 10 this year. Qatar benefits from macroeconomic stability, efficient goods and labor markets, and a high degree of security. The country owes its jump in position to a considerable improvement in commitment to fire risk management in the region.

Read Full Article

Index Ranks Countries With Greatest Risks to Your Supply Chain