Denmark, Switzerland, and Luxemburg take the proud lead on the world level for their economy, risk quality, and supply chain resistance to the crises. On which position is your country ranked and what is its biggest advantage?
The elasticity of gymnasts leads to the wow effect of the thrilled audience watching. And what about the flexibility of your supply chain, is there a place for admiration for the steps achieved? With a more complex, and globally stretching supply chain, winning points seem like the hardest mining job ever, as the world is facing many disruptions. But some countries escaped from that persistent enemy, even though life-danger challenges are coming from every direction. So, who are those Supply Chain Resilience giants?
By the FM Global Resilience Index for 2022 (based on the economy, risk quality, and the supply chain) Denmark is the absolute leader with an index of 100, and 69.1 million square meters of premises for warehousing, logistics, and production facilities.
The second place belongs to Switzerland (97,7), which has good availability of IT experts, combined with one of the fastest internet connections in Europe. Luxembourg (97,5) is ranked third and it has the 7th largest airfreight platform in Europe with air links to all continents and an airport cargo center’s total capacity of one million tons of freight per year. The fourth is Singapore (96,8) as the leader in the efficiency of customs clearance, and even 600 ports in 123 countries are connected to this country by 200 shipping lines. Germany (96,5) is ranked fifth, and has Europe’s largest logistics market by far, with the most advanced transportation infrastructure offering easy access to the more than 500 million consumers in Europe. The sixth place belongs to the US (95) with the Supply Chain Management Services reaching $10,2bn in 2022. Sweden (94,2) stands tall at number 7 as the largest logistics market in the Scandinavia region. The reward for the country with minimal exposure to natural disasters goes to Norway (94). In 2024, Norway should get the first freight terminal completely without harmful gas emissions. The ninth-ranked country is Austria (93,8) with the leading East-West interface in European air traffic and 15 track border crossings with access to seven neighboring markets. At number 10 is Belgium (93,4), which boasts four international harbors and airports specializing in freight handling.
One of the key enablers of resilience, which allows supply chains to react and recover fast, and become more autonomous and intelligent, is investing in technologies. The Global Artificial Intelligence (AI) in Logistics and Supply Chain Market was valued at USD 1.7 bn in 2018 and is expected to reach USD 12 Bn in 2027, growing at a CAGR of 24%. The top 10 countries by the Supply chain Resilience have one more things in common – they are all deeply involved into AI-based solutions for visualization and optimization of their supply chain. So, don’t allow yourself to be excluded from the trends! Take good care of your supply chain planning, make data-driven decisions, and download our Supply Chain Apps for free.