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Business Continuity Risks for China, India and Asia overall
27th October 2008 by Raz Chaudary
According to Forbes Calamity Prevention “the business impact of planning to mitigate, respond to and recover from earthquakes will be significant all over Asia, even if no more earthquakes occur for many years.”
Recent earthquakes around the Pacific Rim in the last four months have registered 6.0 or higher on the Richter scale, the magnitude at which earthquakes are generally considered destructive.
Hong Kong-based seismologist Dr. Michael Spranger states, “some areas never considered previously are now being assessed as high-risk compared to cities near other fault lines”,
The severity of an earthquake is different dependant upon countries considered and their impacts and scale are likely to be felt everywhere in the world.
For example, the risk upon Japan’s highly-developed economy and dense infrastructure is evident, however the impact of a disrupted supply chain between China or India and its global customers may have much wider implications for business.
Raz Chaudary is the Development Project Manager for Business Continuity at LRQA.