China’s deadly summer floods have caused $25B in damage
Summer floods in China have left more than 200 people dead or missing and caused $25 billion in direct damage, an emergency management official said Thursday.
The floods struck major river systems across the central and southern parts of the country.
Major cities have been largely spared by the flooding, but the impact compounds losses to the economy from the coronavirus outbreak that began in the central Chinese city of Wuhan late last year. Vice Minister of Emergency Management Zhou Xuewen told reporters 219 people were listed as dead or missing and 54,000 homes had been destroyed.
Economic losses of 178.9 billion yuan ($25.7 billion) were 15.9% higher than the average from flood damage over the past five years…
Tooling for optimal resilience
Many organizations that have implemented a risk, crisis or business continuity management system do so by creating lots of Word and Excel files, supported in many cases by databases, and using PowerPoint or other office software to support the information flow. In some cases, SharePoint is used to make the system more robust and to create a secure environment for storing documents, calculations and other data components. Some larger organizations have built their own system or tool to fulfil their specific needs, but in most cases, these tools are difficult to maintain, let alone develop further in an ever-changing environment with evolving rules, regulations, requirements and demands. Organizations must ask themselves whether they have created a resilient management system that is ready to be used when required, or whether they have simply found the easiest way to meet the requirements of a document management system…