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Our thoughts and prayers are with Japan, especially the victims and their families.
When watching the devastation caused by the earthquake and subsequent tsunami that hit Japan last week, we think about how the devastation will effect global economics. It also reminds us how quickly a disaster can hit and ultimately affect our lives and our business.
The reality is that there is relatively little companies can do right now to minimize the possible impact of the current disruption. However, if you don't follow the addage "lightning never strikes twice", you might want to consider how you can prepare for disasters:
- Disaster planning and implementing redundant IT systems
- Sourcing critical parts from multiple suppliers located in multiple geographic regions
- Utilizing standard components instead of proprietary parts
- Working with a logistics partner who utilizes multiple modes of transportation
News Articles Related to the Disaster in Japan
Japan quake won't have large impact on Asian economies A monster earthquake and tsunami in Japan is unlikely to have a ripple effect on Asian economies as they stand to benefit from the devastating natural disaster, analysts said Monday Read Full Article in Logistics Digest
Japan's earthquake may disrupt global supply chain The Port of Los Angeles/Long Beach - the nation's largest ocean cargo gateway - continues to load and offload container vessels, but "is taking precautionary measures" in response to the tsunami advisory. Read Full Article in Logistics Management
Japanese earthquake - update from Logistics Manager
As Earthquake Disrupts Supply Chain, Insurers May Face Far-Reaching Claims Manufacturers whose supply chains were disrupted by the devastating earthquake in Japan could put insurers on the hook for some of the lost profits. The costs for insurers for business interruption claims are far from clear... Read Full Article on Program Business.
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Tom Magee 
