Kuwait Is Last In Gulf And Ranked 86th Globally In Fm Index 2021

Kuwait ranked 86th globally in the Global FM Index for the year 2021, registering only 42.1 points out of 100 points, and it is ranked ninth in the Arab world and last among Gulf countries, Al-Rai reported.

The Global Resilience Index 2021 is the tool that collects economic, supply chain, and risk quality data in nearly 130 countries, to assess resilience worldwide. The international company, FM, specializing in mutual insurance, issues the Resilience Index, which aims to help companies choose facilities, 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. The index 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 from them if they occur.

In economic factors, Kuwait ranked 74th in the world, recording 44 points, and 101st in the quality of risks, where it scored 22.5 points, and 82 in the supply chain, recording 48.1 points out of 100.

Internationally, Denmark came first, followed by Norway second, Luxembourg third, Germany fourth, Switzerland fifth, Finland sixth, Sweden seventh, Austria eighth, the United States ninth, and the United Kingdom tenth.

The index showed that countries in Western and Central Europe are better equipped to deal with environmental and political risks that could put business investments at risk.

 

SOURCE : TIMES KUWAIT

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