By Pui Ki
Opinions expressed by Entrepreneur contributors are their own.
Natural calamities such as floods, fires, hurricanes, and earthquakes are major concerns for businesses across the globe. At any time, an environmental or atmospheric disaster can strike down companies and cause significant damages. They can also lead to severe and widespread economic recession, which could take years to recover from. For instance, a report titled “Weather, Climate & Catastrophe Insight” revealed that the global economy suffered $268 billion in losses due to natural disasters and the pandemic in 2020.Although these incidents are unpredictable in their totality, one can sketch a plan that may be useful in managing businesses when they strike. Here are some quick points.
