In the weeks since hurricanes ravaged the American landscape, we have had the opportunity to look back and examine what the ongoing damage has done economically. Estimates are still out, but some say the damage will end up totaling between $60-100 billion dollars. Hurricane Harvey, second only to Katrina in terms of damage, has disrupted supply chains globally with the impact on the marketplace and productivity in the region.
Supply chain damage includes everything from energy to transportation infrastructure. Even many manufacturing components are feeling the hit, as chemicals and fuel production have declined precipitously. How quickly reconstruction efforts resume will determine how the economy suffers (or rebounds) in 2018. The construction industry will also boom for the next one to two years as homeowners and businesses try to recover their losses.
Fortunately, railroads and ports have resumed operations, and airports for the most part (excluding flattened Puerto Rico) have as well. Freight capacity will also probably tighten, as trucks on the road will be in great demand, leaving many businesses without predictable supplies. Critical piping and control systems for chemicals are recovering from the damage as well.
If we have learned nothing, we need to take this opportunity to at least look at our procedures and policies to ensure that when disaster strikes, we are best prepared to weather the blows, so to speak. Komax has a tradition of helping businesses look at their processes and determine how to better solve problems so as to be more flexible in times of trouble. Komax also has a great history of assisting where there is great need, helping communities restore vital clean drinking water or reestablishing critical business practices. How can we help you recover?