Data being collected tied to economy, supply chain and risk quality
KUWAIT CITY, June 10: Kuwait ranked 86th in the FM Global Resilience Index for the year 2021, scoring only 42.1 points out of 100 points. It came last among the Gulf countries and ninth in the Arab world, reports Al-Rai daily. The Global Resilience Index 2021 is the only tool that collects data related to economy, supply chain and risk quality from nearly 130 countries in order to assess resilience worldwide.
The international company FM, which specializes in mutual insurance, issues the Resilience Index that aims to help companies choose facilities and suppliers, and assess the weaknesses of the supply chain. The index measures the resilience of countries by evaluating certain factors such as political risks, corruption control, infrastructure, exposure to fire hazards, and others. It also reflects data on economic aspects, natural hazards and supply chains. It addresses deep concerns about business risks such as cyber attacks, political unrest, fires and hurricanes.
Flexibility is meant to resist disturbances and deviations that occur in the work environment, and to speed up recovery if they occur. In terms of the economic factors, Kuwait ranked 74th in the world with 44 points. In risk quality, it ranked 101st with 22.5 points, and in the supply chain aspect, it ranked 82th, recording 48.1 points out of 100. Internationally, Denmark came first, followed by Norway in second place, Luxembourg in third, Germany in fourth, Switzerland in fifth, Finland in sixth, Sweden in seventh, Austria in eighth, the United States in ninth, and the United Kingdom in tenth. According to the index, countries in Western and Central Europe are better equipped to deal with environmental and political risks that could put business investments at risk.