A serious earthquake in Fukushima, Japan played havoc with business operations. The following are some headlines about consequences of the disaster. Even large corporation such as Toyota were effected. Global supply chains were disrupted. Businesses thousands of miles away from the disaster were affected because a supplier could not deliver critical parts. Are you vulnerable?
Toyota profit slides on Japan earthquake disruption – The Guardian May 2011
Quake in Japan Broke a Link in Global Supply Chain – New York Times March 2011
Anticipated Business Disruption Effects Due to Earthquake-Induced Lifeline Interruptions(Science Direct 1995)
Earthquakes leave widespread damage. Businesses, homes, infrastructure and everything else are subject to being damaged or uninhabitable. As a business are you prepared?
- Have a Disaster Recovery plan – if you are in an earthquake prone area – one section of your plan should deal with earthquakes. Some things to consider
- Employee safety
- If uninhabitable alternate site
- Disaster Recovery teams and duties
- Finances, payroll, accounts payable and receivable