After quakes, manufacturers step up business continuity planning

Economic and Fiscal Impacts of Disasters in the Pacific

Disaster events have lasting impacts on people, communities, and socioeconomic development. Countries in the Pacific are among the most exposed, globally, to natural disasters, including floods, droughts, cyclones, and earthquakes. The effects of climate change threaten to increase the severity and frequency of hazard events in the Pacific region, emphasizing the need for Pacific island countries to protect themselves against corresponding social and economic consequences…


Around 1.4 million people live in flooding-prone areas in Kazakhstan

Around 1.4 million people and more than 32,000 houses, social and cultural facilities, ventures lie in the flooding-prone areas n Kazakhstan, Prime Minister Bakytzhan Sagintayev responded to the inquiry of the Mazhilis regarding popularization of insurance of houses against natural disasters.

According to the Emergency Committee, 17,723 emergency situations and disasters were registered in 2017 affecting 3,774 people. The main emergencies included flooding, wind storms, heavy rains, fires.

The insurance services offered by insurance companies are almost unfordable for wide groups of population…


After quakes, manufacturers step up business continuity planning

Many manufacturers, including semiconductor-makers, have developed plans to ensure operations continue in the event of natural disasters. | GETTY IMAGES

The March 2011 earthquake and tsunami in Tohoku and the 2016 Kumamoto quakes have prompted many domestic manufacturers to draw up plans to ensure business operations continue in the event of natural disasters.

In January this year, 12 semiconductor-makers including Sony Corp. and Renesas Electronics Corp. — who each suffered major production-related damages during the Kumamoto Prefecture quakes — agreed to sign a pact aimed at mitigating the impact of disasters on their businesses…

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