Why Singapore leads in regional business stability

FM Global attributed the high rank to its commitment to infrastructure development and resilience-building measures.

Singapore maintains its position among the world's most resilient business environments, placing 3rd globally. Singapore's leadership in business resilience also extends regionally, serving as a model for investment and development in neighbouring economies, according to commercial property insurer FM Global.

As regional economies expand, multi-market businesses play a crucial role in bridging the resilience gap between countries, safeguarding against supply chain disruptions and property losses.

The 2024 FM Global Resilience Index attributed to its high GDP per capita (3rd globally), political stability (1st globally), low corruption (4th globally), and other factors such as urbanisation rate (1st globally), logistics (1st globally), and cyber risk (7th globally).

ALSO READ: S'poreans find wealth does not equate to financial resilience: Survey

Singapore's consistent high ranking underscores its commitment to infrastructure development and resilience-building measures.

The 2024 Resilience Index introduces six new factors, reflecting growing recognition of the critical elements influencing business resiliency. Singapore's improved ranking over time indicates its proactive approach to resilience planning and long-term strategy implementation.

In the 2024 rankings, Denmark retains its position as the world's most resilient business environment. Other top-ranking countries include Luxembourg, Switzerland, Germany, Sweden, Finland, Norway, Belgium, and the central United States.

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