Just the fact that natural disasters occur actually creates a whole sector of the economy. Due to the fact that most natural disasters are re occuring in certain areas, such as tornadoes in the central US, earthquakes along fault lines, and hurricanes in the Carribean, these areas have industries soley to prepare for upcoming disasters. In certain areas disaster proofing homes, by modified foundations and structural designs, has created a new type of industry in house production. As well natural disaster preparedness has increase sales of related stock supplies, such as medical supplies, water purification tablets, and fuel for generators. This creates the need for a whole new sector of the economy, while promoting already existing industries by creating derived demand for their supplies, such as building supplies. For information on a company in California doing this I have attached the following link:
http://www.californiaacontractor.com/
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Another industry that is created by natural disasters is the Business Continuity and Disaster Recover technology industry. Business Continuity and Disaster Recovery technologies include hardware, software and services aimed at preventing losses of crucial, potentially sensitive business data , whether from intermittent power outages or full-fledged natural disasters. The evolution of product and service delivery into Cloud Computing and virtualization will serve to boost the sector's growth, since little or no hardware provisioning would be required on the client's site. While the global economic downturn has hurt the sector, ABI Research anticipates growth will pick up again in 2010 and beyond.
ReplyDeleteThis report covers the market for business continuity and disaster recovery solutions in the period 2004-2015, segmented by major global region, by category (hardware, software and services).
Though generally not as costly in terms of insured values as hurricanes, because they strike a more limited geographic area, tornadoes are more frequent. Tornadoes and related weather events caused more than $8 billion in insured losses in 2006. A March 31, 1973 tornado in central and northern Georgia had been the costliest tornado on record, which put the total damages from that event at $5.21 billion in 2007 dollars.
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