Natural disasters are catastrophic events that result from processes that occur without human intervention. These adverse events include avalanches, landslides, earthquakes, and volcanic eruptions. Floods, tsunamis, blizzards, and wildfires belong to this category as well. It is worth noting that the occurrence and intensity of natural disasters vary from country to country. Natural disasters have a significant impact on the economy and the businesses in more ways than one. Read on to know more about the impact of natural disasters on businesses: 1. Supply Chain Disruptions Efficient and reliable supply chains are critical to the success of a company. For … Continue reading →
Many natural disasters are directly linked with the climate change including floods, hurricanes, heat waves, droughts, wildfires and storms. Such disasters have claimed more than 600,000 lives in the past two decades. The frequency and magnitude of these disasters are increasing with time and is not going to subside even with the plans of reducing our greenhouse gas (GHG) emission and signing of climate change agreement at Paris. UN Office for Disaster Risk Reduction recorded an average of 335 weather-related disasters between 2005 and 2014, an increase of 14% from 1995-2004, and almost twice the level recorded during 1985-1995. According … Continue reading →
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