Friday, August 14, 2020

Minimizing Weather Risk To Your Company: It's A Serious Business!

by Editor (editor) , November 30, 2019

While most posts focus on other types of business risk, it is essential to remember that what the weather is doing can play havoc in your company as well. In fact, poor weather and natural disasters can stop things in their tracks. Usually, by causing delays to logistics, making it impossible for customers and employees to get to your premises, and even damaging your buildings themselves. Fortunately, there are some strategies you can use to minimize such risk to your business. A topic you can read more about in the post below.

Building damage

First of all, the havoc that extreme weather can unleash on your business is enormous! In fact, events such as earthquakes, forest fires, and even heavy snow can damage your premises to such an extent that continuing work and trading is impossible.

Sadly, all this time with zero productivity is likely to cost your company a great deal. Both in terms of financials and your reputation concerning delivering your products on time. That is why it is so important to put strategies in place to reduce any extreme weather risk.

Of course, the tactics that you will use will depend on the type of weather or natural event you expect. With businesses based along, or close to fault lines investing in earthquake-proofing as a priority. While those in areas where forest fires are a risk choosing to place funds in fireproofing and cladding instead.

However, those companies that expect colder weather such as heavy snow, blizzards and ice must consider two key issues. The first being how they can keep the inside of their premises warm enough for work to continue, while the second is preventing leaks associated with frozen pipes. Happily, these tasks needn't be too much of a challenge, and there are products out there, such as the ones available from heatline that can be used to achieve this. Something that business in colder environments will need to consider if they wish to minimize any productivity and financial risk to their enterprise.

Logistical issues

The other significant problems that extreme weather can cause your business is one of logistics. In fact, getting the supplies your business needs to function in, and getting your products out is often impossible in the aftermath of an earthquake, forest fire, or heavy blizzard.

Image sourced at Pixabay - License CC0

Happily, the former issue can be minimized by keeping a stock of resources and items that you will need to operate. Then if you run out, you can continue on, even if your supply line has been disrupted.

Unfortunately, the issue of getting your products out to customers will be a little more complicated. In fact, even business with the most efficient logistics network will still grind to a halt during extreme weather because of the disruption and safety issue involved.

To that end, focusing on keeping your customers updated and informed of the situation should be your first property. The reason being that you can then make sure they still have a positive experience, and you will also be managing their expectations. Something that means they are likely to get a lot less upset when the items they have ordered do not appear on their doorstep in the required time.

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