MADISON, Wis. (6/1/15)--The National Oceanic and Atmospheric Administration (NOAA) is forecasting a slightly less active hurricane season, which begins today.
NOAA predicts that the East Coast has a 70% likelihood of six to 11 named storms, of which two are expected to become major hurricanes of category 3 or higher.
The first named storm of the season, Tropical Storm Ana, made landfall in South Carolina in early May.
However, Tropical Storm Andres strengthened into a hurricane Friday along the eastern Pacific basin.
Even if credit unions aren’t directly affected by a hurricane, they should be aware of the domino effects caused by a severe storm, according to Agility Recovery, a CUNA Strategic Services strategic alliance provider.
Many corporations have a global reach, and a storm in one area can cause a ripple effect in the supply chain. Storms have shut down airports and shipping terminals, submerged warehouses and closed roads--keeping needed products from moving into and out of a company’s workflow.
Coastal residents are familiar with heavy rainfall, high winds and storm surges. When hurricanes lose wind strength and move inland, their heavy precipitation can cause flash flooding and mudslides.
Interruption in petroleum supplies not only affects gas stations that may ration fuel, it interrupts manufacturers that use petroleum in their products.When production costs go up, the producer is forced to pass along these expenses to the end consumer.
Agility Recovery and the U.S. Small Business Administration (SBA) will hold a free business continuity webinar at 2 p.m. (ET) June 9.
Bob Boyd, Agility Recovery president, will present tips on how to make organizations more resilient and be prepared when a hurricane strikes. Dr. Gerry Bell, a hurricane climate specialist and NOAA research meteorologist, will discuss the 2015 hurricane season outlook.
SBA has partnered with Agility to offer disaster preparedness strategies through its PrepareMyBusiness website. The SBA also provides disaster recovery assistance in the form of low-interest loans to homeowners, renters, private nonprofits and businesses.