Know which way the wind blows
In a seemingly random manner of natural calamities, hurricanes can cause widespread destruction and regularly disrupt supply chains all over the globe. But is it possible to predict them?
- Hurricane Maria was the deadliest of three major storms in 2017 and third costliest Atlantic hurricane in modern U.S. history at a reported $91.61 billion in the U.S. and approximately $5.4 billion in the Caribbean nations.
- Hurricane Harvey produced the most significant tropical cyclone rainfall event ever recorded in U.S. history.
- Hurricane Irma damaged or destroyed nearly 90% of the structures on the island of Barbuda.
In the extremely active 2017 Atlantic Ocean hurricane season, and only two weeks apart, these two tropical storms from the coast of West Africa gained strength while tearing across the warm waters of the Atlantic until they hit the Caribbean as Category 5 hurricanes.
First Irma and then Maria caused an immense loss of human life and destruction to the British Virgin Islands, Puerto Rico, Barbuda, the U.S., and other Caribbean nations at an estimated total cost of more than $100 billion. These damages were tied in with major disruptions to supply chains in the region that affected both civilians and businesses.
The 2020 Hurricane Season is around the corner and will soon test even the most resilient supply chains.
After weeks of being shut down due to COVID-19, companies are now beginning to resume operations but are still challenged from the pandemic. Companies without access to robust, accurate and timely predictive analytics will not have the needed agility to prepare for the looming threat of the hurricane season. How can companies shift and prepare for the upcoming tropical storms?
Over the past few years, DHL has developed its own innovative, cloud-based platform Resilience360 to help companies visualize, track and protect their supply chains and other business operations. To help these companies weather the storm even better, Resilience360 recently teamed up with Riskpulse, which utilizes data-driven predictive weather analytics to determine potential weather risks, sometimes days in advance. Together they can help companies achieve the necessary resiliency to prepare and protect the supply chain.
Hurricane Season Outlook Report
2020 is a unique year for its impact on supply chains. The COVID-19 pandemic has already caused disruptions worldwide. This volatility has increased even more as companies and their supply chains are left vulnerable without proper data resources, in addition to having to manage multiple other threats.
On May 14, Risk Intelligence Product Director Shehrina Kamal from Resilience360 and Chief Meteorologist Jon Davis and Chief Science Officer Mark Russo from Riskpulse joined a live webinar to share their insights on the upcoming 2020 Hurricane Season and their strategies for how companies, in the wake of the COVID-19 pandemic, can adjust their global supply chains to be resilient and agile while dealing with multiple disruptions.
Looking back, webinar attendees gained valuable insights on the climatology of tropical storms, the supply chain impact of previous storms and how to make supply chains more resilient and agile while managing multiple disruptions. The webinar also introduced the 2020 Hurricane Season Outlook Report, which all attendees received afterwards.
Dive into the webinar and get your own copy of the report today. Download now. — Krisjanis Polans
Published: June 2020