Go online and search for information about companies that have been harmed or bankrupted by a disaster. Choose one such company and create a brief case study about it. Successful narratives will focus on the manner in which the organization was impacted, including financial losses, losses of sales, or the need for layoffs.

Question

Lamar Shields

Engineering

20 January, 19:15

Go online and search for information about companies that have been harmed or bankrupted by a disaster. Choose one such company and create a brief case study about it. Successful narratives will focus on the manner in which the organization was impacted, including financial losses, losses of sales, or the need for layoffs.

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Lance Bird · Answer 1

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Explanation:

In recent times and in the past, so many companies have been dealt with or bankrupted by disaster.

This disasters are in the form of floods, earthquake and tsunami. This has led to many companies across world to have faced problem. As Japan is particularly vulnerable to natural disaster because of its climate and topography let me take example of japan. The tsunami that struck Japan in March this year which has lead to a debt of worth nearly $8 billion due to failed businesses. A total of 341 firms in japan with a combined 6,376 employees has got affected by this disaster.

One of company that hit hard by these disaster is Toyota. Toyota is a Japanese multinational automotive manufacturer headquartered in Toyota, Aichi, Japan. Actually due to flood in thailand toyota has faced a big loss. As flood hit thailand the parts of vehicle which is produced in thailand has stopped. It leads to interruption in the supply chain of some Thailand made components.

This lead to suspension of production as thai made component was unavailable. It has been reported until the situation of thailand will be good toyota plants in Indiana, Kentucky and Ontario, Canada, will be shut down. And production rate at plant in North America will get slow down. This flood leads to a loss of 37500 vehicles. Due to this reason toyota was forced to open its plants in Southeast asian country just to enhance the production rate. Sales of vehicle has also got reduced in thailand. Hence toyota faced a total loss of 1.6 billion dollar.

In Nigeria, due to the insurgency of the Boko Haram, many companies have entirely stopped operations in some regions, this harsh realities leads to massive loss of revenue for such companies.