IS YOUR BUSINESS OPERATING IN RISKY PLACES Learn more with the newly updated 2015 FM Global Resilience Index Many businesses today operate on a global scale With increased globalization comes increased challenges including understand ing where your company is most at risk and your supply chains potentially vulnerable Last year FM Global introduced its Resilience Index the first data driven resource to rank the supply chain resilience of 130 countries and territories around the world The index assists business executives in prioritizing where to focus their risk management and investment efforts Updated annually the Resilience Index gauges resilience the flip side of being at risk along nine dimensions It compiles vetted data from sources such as the International Monetary Fund IMF World Bank World Economic Forum and FM Global s data base of more than 100 000 client locations Business Insurance magazine recently awarded the Resilience Index its 2015 Innovation Award noting that the index provides users with country level insights into the risks and vulnerabilities facing sup pliers and customers as well as data to support risk management and business decisions An independent judging panel comprised of pro fessional risk managers selected the Resilience Index based on origi nality in serving the needs of professional risk managers relevancy to the core concerns of risk managers effectiveness in solving one or more risk management problems ease of use and understanding and the results achieved when implemented by risk managers So what s new this year according to the index Simply put the Ukraine sinks Taiwan soars and the United States maintains a strong position in 2015 The Ukraine roiled by conflict with neighboring Russia poses significant challenges for companies considering expanding their supply chains into the region The country fell 31 places this year to 107th the biggest year over year fall in the rankings owing directly to the Russian military intervention This worsening political risk and a weakened infrastructure are the main factors negatively affect ing the rank of Europe s largest country There was good news however for Taiwan It soared 52 places in the annual rankings to 37th overall a bigger rise than any other country Its ascension is mainly due to a substantial improvement in the quality of both natural hazard and fire risk management The United States and China are segmented into three separate regions because the geographic spread of these countries produces significantly disparate exposures to natural hazards Region 3 of the United States which includes most of the central part of the country ranks 10th Region 1 encompassing much of the East Coast ranks 16th and Region 2 primarily the West Coast ranks 21st Business leaders who don t evaluate countries and sup ply chain resilience can suffer long term consequences said Bret Ahnell executive vice president manager staff operations FM Global If your supply chain fails it can be difficult or impos sible to get your market share revenue and reputation back The FM Global Resilience Index is designed to help business leaders stay in business by making informed decisions about where to place and maintain global supplier facilities Online and interactive the Resilience Index enables users to drill into individual resilience factors and drivers as they plan supply chain expansions select suppliers and backup suppliers and evalu ate existing facilities To understand exactly what risks and vulnerabilities countries present and to view the definitive ranking of supply chain resilience around the world visit fmglobal com resilienceindex Supply chain resilience is an elusive quality one of those I know it when I see it type of capabilities Thanks to efforts from companies like FM Global however it s now possible to quantify to some extent exactly how resilient one country might be versus another Material Handling and Logistics magazine 6 Reason ISSUE 1 2015 noteworthy

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