As a former expat, I used to live in Bangkok. My wife is from Bangkok and we've been following these developments for a couple weeks. I'm surprised at the lack of coverage of this flooding in global media in general, because it's definitely on the mind of every Thai around the world. The rain has been coming for almost a month now.
Here are links to two English-language Thai newspapers, which will provide a clearer understanding of the devastation.
If you were only paying attention to the mainstream news, hearing how devastating these floods are is new information. There is hardly any coverage of these terrible floods unless you go searching for it. That being said, these floods are going to set back the supply chain many months. This could seriously impact holiday sales and margins of large companies who have facilities in Thailand. Based on Thailand's economy and overall wealth, the country is going to need some international help to get things restored.
I just do not understand why there is no coverage of this news in the regular news media. I feel sorry for all the people who are suffered because of this and I belive they can come out of this disaster asap.
More than supply chains are affected. According to http://www.latimes.com/news/nationworld/world/la-fg-thailand-floods-20111023,0,5846621.story "The government raised the death toll to 356 from Friday's 342. Two others are missing. An estimated 113,000 people have been displaced and are living in shelters. And the nation has suffered $3.3 billion in economic damage, a figure that could double if Bangkok is swamped"
I had to search for news about this flooding. The main news has nothing about it, but it will affect global economy through interrupted supply chains and import export not even looking at tourism.
The hard disk drives factories located in Thailand have suspended their activity. That is the case of Seagate Technology who has warned that a disruption in its supply chain could affect production.
"As a result of the disruption caused by the floods, Seagate anticipates hard drive supply will be constrained throughout the current quarter," the company said in a statement on Wednesday." reports John Ribeiroin his blog.
"I hope the people and companies in the affected areas rebuild and recover as soon as they can."
The country's economy will be affected for sure as many businesses will have to close for a while. Even though some factories are still in operation, disruptions in supply chain will affect production. The best we can hope for is that the country could revover as fast as possible.
EBN Dialogue enables and encourages you to participate in live chats with notable leaders and luminaries. Not only editors and journalists, but the entire EBN community is able to comment and ask questions. Listed below are upcoming and archived chats.
Archived Dialogues
Thailand Stages a Comeback Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Euro-Crisis: What It Means for High-Tech Firms Join EBN Editor in Chief Bolaji Ojo and Contributing Editor Jennifer Baljko on Thursday, July 12, at 10:00 a.m. EDT for a Live Chat on high-tech and Europe's economic difficulties.
Microsoft Surface: Potential Winners & Losers What are the implications for the electronics industry supply chain of Microsoft Corp.'s decision to launch its own tablet PC? Join industry veteran and EE Times' systems and OEM expert Rick Merritt on Tuesday, July 3, at 12:00 pm EDT for a Live Chat on this subject.
Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Peter Drucker famously said "Trying to predict the future is like trying to drive down a country road at night with no lights while looking out the back window." Yet in the razor's-edge world of electronics—with a lean supply chain and just-in-time demands—the need to know the future is vital.
While no one really can accurately predict the future, we can take guidance from another Drucker saying which is the best way to predict the future is to create it.
You've heard the saying "the No. 1 supply chain risk is your people." That hasn't always been the case. But today's complex global supply chain requires a new type of multitalented employee. It's one who understands, finance, marketing, economics, is savvy with technology, graceful with relationships and can think analytically.
Where are these people? Are universities properly preparing the next generation supply chain professionals? How do train your existing workforce for these new, demanding positions?
Brian Fuller, editor-in-chief of EBN, will lead a 60-minute Avnet Velocity panel discussion that will ask and answer these and other questions swirling around today's supply-chain talent challenges.
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