Global supply-chains to suffer because of Japan calamity
Mumbai: Organisations need to prepare for
the possibility of an extended disruption to global supply-
chains resulting from the March 11 tsunami and quake in Japan,
leading insurance broker and risk adviser Marsh said.
Thousands of multinational companies that rely on
Japanese manufacturers for goods and services, as well as for
sales, can expect significant global supply-chain disruptions
lasting up to several months, it said.
The most significant initial impact will be to the hi-
tech, steel and auto industries quickly followed by those that
depend on these industries such as medical devices,
communications gear suppliers, car dealerships, solar, ship
building, aviation and consumer electronics.
Rather than the physical destruction of the production
facilities, most of the supply-chain disruption from this
catastrophe is likely to be caused by issues associated with
infrastructure, energy, utilities, transportation and
restrictions on highway or port access, Marsh said.
Japan is the world`s third-largest economy and a leading
supplier of parts and equipment for major industries like
computers, electronics and automobiles.
More from India
More from World
More from Sports
More from Entertaiment
- Watch: Jayalalithaa's last rites performed by her close friend and aide Sasikala Natarajan
- Jayalalithaa's funeral procession: Sea of mourners gather to pay last respects
- Panel discussion over continuous chaos in Parliament on demonetisation
- Watch: Jayalalithaa's last rites performed by her close friend and aide Sasikala Natarajan - Part II
- DNA: Know why Jayalalithaa was buried and not cremated
- Twitter users blast Arvind Kejriwal as he says 'Modi will never appoint a Muslim Vice President no matter what Jung does'
- RBI to issue new Rs 100 banknotes, old notes to continue as legal tender
- Airtel’s free 4G internet offer may be a ploy to steal your data
- Yuvraj Singh-Hazel Keech Reception: MS Dhoni, Sourav Ganguly, Virender Sehwag attend lavish party — PHOTOS INSIDE
- Pakistan International Airlines plane from Chitral to Islamabad crashes near Havelian, 48 people dead