Norway, Switzerland and Canada have come top in a ranking of nations most resilient to supply chain disruption, according to study commissioned by FM Global, the commercial property insurer.
The UK came 20th – alongside the Hong Kong, the US and Singapore.
The 2014 FM Global Resilience Index ranks 130 countries according a three key factors: economic, risk quality and supply chain.
The three countries shown as least resilient are: Kyrgyzstan, Venezuela and the Dominican Republic.
“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 United States and China are each divided into three separate regions because the geographic spread of these countries produces significantly disparate exposures to natural hazards. All three regions of the US rank in the top 25 and China’s regions rank 61, 66 and 75.
China’s weakest grouping, which includes Shanghai, ranks particularly low as a result of poor risk quality due to acute natural hazards.
The biggest riser since 2013 is Bosnia and Herzegovina, climbing 19 places due to improvements in the country’s political risk and in the quality of local suppliers.
Bangladesh is one of the top fallers due to declining quality of both natural hazard risk management and fire risk management.
FM Global commissioned analytics firm Oxford Metrica to develop the rankings.