SUPPLY CHAIN RESILIENCE

Sweden gained the number four spot in the index because its exposure to natural hazards is lower than average . The FM Global Resilience Index places a hefty importance of a country ’ s exposure to things such as floods , earthquakes and windstorms that it cannot control and often cannot plan for adequately .

In spite of Japan ’ s history of natural disasters – the country was hit with a tsunami that generated 45-foot high walls of water and a 9.0 earthquake during the same year – FM Global recognised it for the powerhouse it is in terms of supply chain resilience .

Power generation and local production were both devastated in 2011 when Japan was hit with double weather disasters . In about four months after the March weather events , there was evidence that Japan was well on its way to recovery . Its resilient business system , coupled with the cooperative capitalism that the country is famous for , were the keys for its recovery . These

components are the same ones that help Japan rank highly on this index .

31