Extreme Weather-Global Business Impact

Extreme weather is often known to scare the dog, excite the kids for a possible day off of school, and knock out the internet and cable television which seem to be just about as essential as oxygen in today’s world. But have you ever considered the impact ferocious weather can have on businesses around the globe.

The United States of America boasts the world’s most extreme weather. The combination of blizzards, tornadoes, floods, hurricanes, and droughts make the USA quite a versatile weather threat. Just three days prior to writing this, I was caught driving in a Chicago flash-flood that resulted in the roads looking more like rivers that should be navigated by boat rather than car.

The United States experiences more than 1,000 tornadoes per year, which is about 85% of all twisters that occur in the entire world. Even the extreme temperature changes from season to season in the United States force animals to migrate thousands of miles in order to survive.

Just as the animals find way to adapt in order to survive, businesses must often do the same. In October of 2012, Hurricane Sandy pummeled New York, New Jersey, and Connecticut. Nearly 2 million businesses and 10 million employees were affected by power outages, destruction of buildings, and canceled flights. Many of these businesses and individuals had two options: adapt or die. Companies often need to band together, adapt, and rebuild in order to survive.

Extreme weather occurs all over the world. Japan was hit with the worldwide publicized tsunami in March of 2011 which resulted in 25 trillion yen ($309 billion) worth of damage. Buildings, factories, roads, railways, and homes were destroyed. Considering that Japan is the world’s third largest economy, businesses around the world were significantly affected by this natural disaster.

As the world economy shifts more and more towards globalization, the pulse of businesses in countries of all areas of the world can sometimes be at the mercy of extreme weather. Establishing strong disaster plans is a necessity for all business, as well as procedures to protect your employees. Extreme weather can bring businesses to a screeching halt, which can effect payroll as well. For more information about potential payroll issues, please contact us: http://celergo.com/contact-us/.

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