Hurricane Irma has recently caused extensive damage to several countries in the Americas. A record wind speed of 185MPH and other factors resulted in 102 deaths and material damages of over 100 Billion USD. Ports in the states of Florida, Georgia and South Carolina were closed, which significantly impacted many supply chains. Unfortunately, it is impossible to fully mitigate the impact of natural disasters like Irma. No company will be able to fully mitigate the impact of disruptions without eroding its profits or – worst case - filing for bankruptcy afterwards. Moreover, insurance is not an option as every insurance company classifies natural disasters as a force majeure.

Source: www.logistiek.nl

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