May 19, 2020

Top 9 countries with the least resilient supply chains

Nye Longman
4 min
9
Venezuela

Alongside numerous points of correction required for its ability to avoid, manage and mitigate risk, Venezuela has been flagged by FM Global for its poor infrastructure and high levels of corruption – these factors have ensured that it has retained its bottom place for the second year in a row. The country is currently facing its highest ever levels of currency inflation amid a host of other economic woes. Hit hard by the global economic crisis and, more recently, the global oil slump, Venezuela’s infrastructure is facing chronic under-investment as a number of multinational companies slow or cease their operations in the South American nation. Venezuela is also exposed to the threat of earthquakes and damaging winds.

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