THE COST OF DISASTER ON YOUR BUSINESS

PIPSO.ORG.FJ/STAYOPEN

Do you know the real cost of disasters on your business? Here are some honest facts that every business-owner in the Pacific should know.

80% of companies that do not recover from a disaster within one month are likely to go out of business.2

1 in 4 businesses do not reopen following a major disaster.7

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FJ 1.5 BILLIONCYCLONE WINSTON. FIJI. 2016.

(US$ 722,698,500)

INCOME LOST CAUSED BY CYCLONE WINSTON

FJ 351.45 MILLION

(US$ 169,328,258)

CYCLONE PAM. VANUATU. 2015.

VT 48.6 BILLION

(US$ 449.4 MILLION)

Private sector estimated damage and losses in Fiji caused by Tropical Cyclone Winston in 2016.3

Total personal income loss of all staff and employees post Tropical Cyclone Winston in 2016 due to the loss of 14,450,129 days of work collectively. This shows the impact disaster not only has on work productivity for business but also the impact of not being able to return to work quickly for the community.4

Total economic value of the effects caused by Tropical Cyclone Pam in Vanuatu in 2015.5

Negative growth rate in Vanuatu after Tropical Cyclone Pam that represents a significant slowdown to the Vanuatu economy.6

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- 0.9% Downturn in economic growth in Vanuatu.

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If you do not have a BCP yet or not sure what it is, download our BCP template and create one yourself using our quick 12-step guide which you can complete in 12 minutes! Visit pipso.org.fj/stayopen

1 in 4 businesses do not survive after a large disaster strikes.1

There is one way that will ensure you stay in business in the face of any disaster or adversity:

DO YOU KNOW...

REDUCE RISK, BE READY, RESPOND ACCORDINGLY AND RECOVER QUICKLY FROM ANY DISASTER.

1 Civil Defence Wellington Region Emergency Management Office. (2017). Retrieved February 24, 2017, from Wellington Region Emergency Management website, http://www.getprepared.org.nz/2 Civil Defence Wellington Region Emergency Management Office. (2017). 3 Fiji Government. (2016, May ). Post-Disaster Needs Assessment: Tropical Cyclone Winston. Retrieved February 24, 2017, from Relief Web International, http://bit.ly/2kSlhPH4 Fiji Government. (2016, May ). Post-Disaster Needs Assessment.5 Government of Vanuatu. (March, 2015). Post-Disaster Needs Assessment: Tropical Cyclone Pam. Retrieved from Pacific Disaster Net http://bit.ly/2mqPeCJ6 Government of Vanuatu. (March, 2015). Post-Disaster Needs Assessment.7 Civil Defence. Wellington Region Emergency Management Office.8 Government of Solomon Islands. (April 2014). Rapid assessment of the macro and sectoral impacts of flash floods in the Solomon islands. 9 Government of Samoa. (March 2013). Post-Disaster Needs Assessment Cyclone Evan 2012. Retrieved 24 February, 2017 from Pacific Disaster Net http://bit.ly/2lxjrCm10 Government of Samoa. (March 2013). Post-Disaster Needs Assessment Cyclone Evan 2012.11 SOPAC. (2009). Nadi Floods: Economic Costs January 2009: SOPAC Technical Report 426. Retrieved February 24, 2017, http://ict.sopac.org/VirLib/TR0426.pdf 12 SOPAC. (2009). Nadi Floods: Economic Costs January 2009: SOPAC Technical Report 426. 13 SOPAC. (2009). Nadi Floods: Economic Costs January 2009: SOPAC Technical Report 426.

Endnotes:

Total economic value of the effects caused by flash floods in the Solomon Islands in 2014.8

Reported total losses by businesses in the Nadi Floods in 2009.11

The greatest source of loss was the destruction of business assets.12

Another significant source of loss was businesses’ inability to operate normally during the flood period.13

Total economic value of the effects caused by Tropical Cyclone Evan in Samoa in 2013.9

9,600 LOSSESEquivalent jobs lost for wage-earners and

self employed in multiple sectors, especially agriculture and tourism in Samoa post

Tropical Cyclone Evan in 2013.10

PIPSO.ORG.FJ/STAYOPENFOR MORE INFO

SI 787.3 MILLION

(US$ 107.8 MILLION)

FLASH FLOODING. SOLOMON ISLANDS. 2014.

FJ 32 MILLION

(US$ 15,417,568)

BUSINESS LOSS. NADI FLOODING.

SAT 465 MILLION

(US$ 203.9 MILLION)

CYCLONE EVAN. SAMOA. 2015

CYCLONE EVAN. SAMOA.

Thank you to our funding and content partners A special thank you to

UNISDRThe United Nations Office for Disaster Risk Reduction

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