Countries exhibit inherent resiliencies that can provide businesses with an edge. The ability to compare strategic resilience factors between Albania or Zimbabwe, for example—or between any of 130 countries and territories—is now available in the FM Global Resilience Index.
For instance, Albania—bordering the Adriatic—is ranked 108th of the 130 countries and territories measured in the index and has been trending steady over the past five years.
Zimbabwe, ranking 99th of the 130 countries and territories in the index and trending steady over the past five years as well, is nine positions higher than Albania. That's fairly close as the wide world is concerned, but how does it compare on a more granular business level?
New Country Comparison Tool
Now, you can select up to eight countries and territories within the FM Global Resilience Index and view the breakdown of drivers that make up their overall score—side by side. Below is how the resilience factors compare between Albania and Zimbabwe.
In this comparison, while the countries ranked similarly overall (108 and 99), the detail reveals interesting differences between individual factor rankings. While Zimbabwe ranks significantly higher in Economic and Risk Quality factors, that position is reversed for Supply Chain. Color codes are used to provide a quick visual of which quartile each factor falls within. Keep in mind that rankings are clustered to accommodate for ties and close scores, so they may, in fact, be closer than it seems.
Drilling down further on the Economic factor (by hitting the "+" sign by Economic) shows that Zimbabwe ranks third overall for resilience based on Urbanization Rate. This means that the rate of urbanization in Zimbabwe is minimal, avoiding undue strain on its infrastructure, among other things. It also ranks high for Oil Intensity, which means that Zimbabwe is one of the least beholden countries for dependence on oil. If these qualities are considered a high priority in a strategic business plan, then Zimbabwe may be the better choice.
Risk Quality Comparison
Drilling down on the Risk Quality factor (by hitting the "+" sign by Risk Quality) reveals that Zimbabwe is ranked third overall in the index for the Exposure to Natural Hazard driver. This means it is one of the least likely countries or territories in the Resilience Index to face Mother Nature's wrath. If very low exposure to natural hazards is also a priority, then the case for Zimbabwe may be strengthened.
Supply Chain Comparison
Should supply chain be of utmost importance, then drilling down on the Supply Chain factor (by hitting the "+" sign by Supply Chain) points to Albania as the better choice, as it outranks Zimbabwe for each driver of Supply Chain resilience.
Use the country comparison tool to compare the resilience of countries and territories in which you plan to strategically site facilities or choose supply chain partners. It is also a great resource for helping to determine which of your current facilities are most (or least) resilient for specific factors or drivers based on geographic location. Determining where to invest risk management resources can be a good step in maintaining resilience around the globe.
Learn more about Albania—besides that it borders the Adriatic—and put the Resilience Index to work for you.Access the FM Global Resilience Index