As interconnected as the world's economies are, it will always be a fact of life -- and economics -- that some places are more risky to do business than others.
With that in mind FM Global , one of the world's largest commercial property insurers, has released its annual Resilience Index, a survey that ranks 130 countries by their business resilience. In particular, the survey examines supply chains and the risk of their disruption; a leading factor in business volatility.
"Natural disasters, political unrest and a lack of global uniformity in safety codes and standards all can have an impact on business continuity, competitiveness and reputation," Jonathan Hall, the company's executive vice president, said in a press statement.
This concern over business volatility has grown as economies have become more integrated and globalized -- and world events become chaotic.
"We live in a volatile world and whether that's because of what nature wrought or the human element, every nation is prone to some form of risk," Margareta Wahlström, United Nations Special Representative of the Secretary-General (SRSG) for Disaster Risk Reduction, noted on the FM Global web site.
"The question is why are some countries, whether developing nations or economic power houses, (are) more resistant to supply chain disruption or better able to bounce back?"