Fostering Proactive Decision Making with Catastrophe Risk Analysis
By Dr. Akshay Gupta
Image from the 2011 Tohoku, Japan 9.0-magnitude earthquake.
In recent years, natural catastrophes have caused severe property and business interruption losses to organizations worldwide. One of the key lessons from 2011’s 9.0-magnitude earthquake in Japan and the major flooding in Thailand was the vulnerability of international supply chains to natural disasters, especially for industries such as high-tech manufacturing and automotive. As organizations continue to globalize, their physical locations and supply chain networks are at risk from multiple hazards — increasing the overall potential for property and business interruption losses.. » Full story
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