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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?


To: Wharf Rat who wrote (173543)10/12/2011 11:16:37 AM
From: Wharf Rat  Read Replies (1) | Respond to of 543022
 
Thai Floods Roil Supply Chains

With rescue teams and troops racing to prevent swelling floodwaters from breaching the defenses of Thailand's low-lying capital Bangkok, foreign and local businesses continued to calculate the cost of swamped factories and broken supply chains Wednesday, while the prime minister warned retailers against profiteering.

"Automotive and industrial manufacturers, electronics and high-tech product companies are especially vulnerable to the supply chain disruptions we are now seeing," said Sundi Aiyer, Asia Operations Practice Expert at business consultancy McKinsey & Co.

Combined with lost rice harvests, Thai government agencies expect the flooding could wipe nearly a full percentage point off its economic growth rate this year.