Looking for the best country to do business? It turns out great skiing and killer fondue aren’t the only factors drawing businesses to Switzerland. This year, it’s won the top spot in FM Global’s Resilience Index and bragging rights as the country where businesses are most likely to resist business disruption – or rebound quickly if it happens.
In 2018, cyber attacks, global conflict, Mother Nature, and the ever-present threat of fire were driving factors behind resilience trends worldwide. The index ranks 130 countries based on data related to economics, supply chains, natural hazards, and risk quality factors like cyber risk, political risk, and regulations on things like building codes.
“Our mission is to give global business executives powerful intelligence to support their decisions about where to site facilities, what partners to select, and how to manage their risks,” says Thomas A. Lawson, chairman and chief executive officer at FM Global, one of the world’s largest commercial and industrial property insurers. “With the Resilience Index, business leaders can dig deeper than they ever have into geographical differences in resilience, including cyber risk.”
Common themes run across regions worldwide, like the rise of cyber attacks, which now pose existential threats to businesses, but the severity of risks and resilience varies significantly by geography. For example, says the report, cyber resilience has soared in Taiwan over the past year, but in France, it’s plummeted.
Highlights from the report:
On the other hand, Taiwan recorded the biggest surge in cyber resilience rankings, largely due to an increase in civil liberties. It now sits at number 50, up from 107 last year.