Natural Disasters
This is why business suffer loss during Rains
An increase in climate change has led to an increase in weather extremes. It also made the water cycle more volatile. An increase in water vapor in the air means less frequent rainfall but an increase in intensity. As a result, flooding is predicted to increase across India.
Floods due to heavy rain
An increase in climate change has led to an increase in weather extremes. It also made the water cycle more volatile. An increase in water vapor in the air means less frequent rainfall but an increase in intensity. As a result, flooding is predicted to increase across India.
Heavy rains and floods are the most catastrophic and frequent of all natural disasters. India is one of the countries most affected by heavy rainfall and experiences frequent floods. Due to improper garbage disposal and poor land policy, rainfall is usually followed by floods.
Impact of Heavy Rains
Heavy rain can lead to numerous hazards, including
- Damage to infrastructure
- Risk to human life
- Loss of crops and livestock
- Disrupts transport and communication
Note : The RBI released a report stating the impact of weather on the economy and businesses. The study shows that floods have a larger impact on the economy than other factors. India on average suffers an economic loss of US$7 billion each year because of floods, according to the United Nations.
Impact of extreme floods on operations
- Heavy rains cause transportation obstructions and can flood buildings. It also impacts delivery, people, data centers, and supply chains.
- According to the US Department of Energy, floods and heavy rains are the leading causes of power failures. They damage the power lines and destroy solar panels and substations.
- It is challenging to run your business and serve your customers without an adequate power supply. Floods can impact the power supply for days or even weeks, depending on their severity.
- It also causes delivery delays. Driving during floods can be extremely dangerous. You don’t want your employees or truck drivers stuck without help or, worse, washed away in flood water. The goods could get damaged, or the truck could be destroyed or overturned.
Heavy rains cause transportation obstructions and can flood buildings. It also impacts delivery, people, data centers, and supply chains.
Solution
In situations like this, the most important thing is how fast businesses respond to this. A company that is able to react more quickly to unforeseen conditions has a strategic advantage over its competitors.
- Immediately taking action as soon as there is an alert of heavy rain or possible flooding can help avoid power outages. You can activate your emergency plan to mitigate the damage. You need to have a plan for all the crises beforehand. Choosing the course of action after the advisory/alert is out would be too late.
- You can avoid delivery delays and ensure employee safety by monitoring the risks of flooding on the route. Alert the drivers so that they can change their course accordingly.
- Have a good communication plan and test it regularly. Make sure you are able to communicate with the employees during and after the event.
Lythouse risk management solution and how it helps
- Risk alert system – This system filters out relevant information and alerts you on the basis of its impact on your business. During floods, you get real-time information on areas that are more prone to flooding during rain. This helps you decide where and how businesses should focus.
- Mass communication – This helps you communicate with the employees in a more effective way. You can send notifications and alerts to the employees with the option to hear back from them. You can send geo-targeted messages through the channel of your choice. You can send them updates on the situation, and if the severity of the situation increases, they can ask for help or term themselves safe.
- Risk mitigation workflow- The incident distribution helps you assign and forward the task to the relevant authorities and track the completion status. Technology can ease the burden of command through automation in this area as well.
- Safe havens- A list of safe locations for a crisis like this where you can go and seek shelter. The platform provides a network of locations with verified contact lists.
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