FM Global’s Andre Mierzwa outlines the progress Australia has made since the Grenfell Tower disaster, but calls for national coordination to ease the cost and risk for building owners.
Every $US1 ($1.36) a business spends on hurricane mitigation cuts loss exposure by an average of $US105 ($142.47), according to an analysis by FM Global.
For many Australian businesses, Asia represents a considerable opportunity to lower input costs and access potentially lucrative markets. However, executives and managers need to fully understand the risks as well as the rewards of locating operations or increasing supply chain exposure in Asian countries.
Australia has dropped nine places – from 66th to 75th – in cyber resilience, driven by a 3% rise in internet penetration, according to the 2018 FM Global Resilience Index. Find out more about this year's global resilience rankings.
The Resilience Index is the first and only publicly available data-driven tool to annually rank 130 countries and territories by the resilience of their business environments. This year’s index reveals Australia is again among one of the most resilient countries globally, ranking 17th overall.
Australia has ranked 17th in a global index assessing the resilience of business environments, with cyber exposure and infrastructure quality emerging as concerns.
