When Hurricane Sandy began crawling up the Atlantic Coast and on its way to merging with a Nor’easter just before Halloween that would give it especially frightening strength and staying power, meteorologists gave it a new nickname: “Frankenstorm.” A full week in the wake of Sandy, over a million electricity users still wait for power restoration.
The U.S. has seen a spate of so-called “superstorms” in the last 10 years that have caused billions of dollars in damage to infrastructure, homes and businesses. U.S. businesses are absorbing huge losses from these superstorms. It has been estimated that even very brief power outages caused by interruptions in power transmission systems result in between $3 billion and $5 billion in financial losses each year in the U.S.
If power-disrupting storms are the new normal, U.S. businesses are in for an expensive future. Read more
Last week, Hurricane Sandy ravaged the East Coast of the United States. Although experts are still assessing the full extent of the storm’s damage, initial estimates suggest the economic impact has been severe, not only in terms of direct harm, but also shuttered businesses and halted production. What are the true costs of the hurricane, and what can industrial companies do to mitigate the potential harm from Mother Nature? Read more
Some of us don’t need to ride a roller coaster or watch a scary movie to get the chills because there are plenty of shocking things to be found in the professional world. From bullying bosses to nightmare interviews, the workplace is full of hair-raising tales.
Every few years there are bound to be a handful of discoveries that fall out of the norm, and these breakthroughs often prove how far certain industries have come. Check out these unusual and jaw-dropping scientific findings, from eco-friendly cremations to belugas that imitate human voices. Read more
Economic conditions are driving many overseas manufacturing operations back to the U.S. How widespread is the reshoring trend and what benefits can we expect to see? Read more