18 Nov '11, 7pm

Floods, Drought, Disasters Make Water Risky for Business

Floods, Drought, Disasters Make Water Risky for Business

Water -- whether it's too much, too little or too dirty -- has been a fixture in the news in recent years, a continual reminder that it is a precious resource with the potential for devastating impacts to business operations and local communities. Recent floods inundated thousands of local businesses in Thailand, for example, shaving the country’s Gross Domestic Product by more than 1.5 percent and disrupting global supply chains. Honda cut its third quarter profit forecast by more than 50 percent after the floods forced it to shut a car factory outside Bangkok and reduced the availability of components for its facilities across North America and Europe. In fact, analysts at JPMorgan have estimated these floods could cost Japan’s three largest carmakers more than US$450 million this year. Water Becomes Risky for Business Earlier this year the Yangtze Delta in China, which ...

Full article: http://www.greenbiz.com/blog/2011/11/18/floods-drought-di...

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