Bangkok Flood Damage

The flooding has become described as "the worst flooding yet with regards to the quantity of water and the ones affected".By 6 November, flooding has affected 3,151,224 people from 1,154,576 families, with 506 deaths and a couple of missing persons reported through the 24/7 Emergency Operation Center for Flood, Storm and Landslide (EOC). Damage estimates of at least 185 billion Baht through the latest estimation by Federation of Thai Industry (Central region section) including 95 billion Baht damage on Thai industry, 25 billion Baht damage on Thai Agriculture and 65 billion Baht damage for the housing inside the communities and suburb villages. A large part of the damage stems from the effect about the manufacturing industry, with 930 factories in 28 provinces affected, including multiple industrial estates in Ayutthaya and Pathum Thani Provinces that have been flooded. The flooding has been estimated to lead to decrease 0.6 to 0.9 % in economic growth.[68] Schools, 1,053 that are actually affected since 19 September, were instructed to end the definition of early.

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Employment continues to be hurt when factories flooded and workers were let go or fired. Don't assume all factories are anticipated to reopen causing significant long lasting job loss in Central Thailand.

Thailand accounts for about 30 % of global trade in rice and A quarter of the key crop is just not anticipated to survive being flooded. On the other hand on the planet rice farmers inside Arkansas, that always be the cause of for 42 percent of U.S. output, also were flooded early this season, and then faced drought reducing their crop by 32 percent in line with the USDA. Combined, these events can have a global influence on rice prices for all. Within Thailand, where rice farmers don't normally have much reserve capital, effects on farmers will likely be felt the maximum given that they lost both their investment in the existing crop and should wait to generate money when flood waters recede before planting a fresh one.

 Damages to industrial estates and global supply shortages

On 8 October 2011 the 10 metre high water blockage in Nikom Rojna industrial estate, which housed many manufacturing plants, had collapsed.The strong current had interfered reconstruction effort and ended in the full area being non-operational. One of the main manufacturing plants, Honda, remained virtually inaccessible.

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Thailand will be the world's 2nd largest producer of harddrives accounting for approximately 25% with the world's production. A lot of the factories that will make harddrives are actually flooded, including Western Digital's, leading some industry analysts to calculate future worldwide shortages of hard disks.Western Digital was able to acquire one of the plants, that was flooded on October 15th, 2011, backup and running on November 30th, 2011. Some operations were anticipated to be more difficult to recover and another plant at the time of December 2, 2011 was still being under 2 feet water. Western Digital's flood related costs were estimated at between $225 and $275 million USD, however, a coverage claim of $50 million USD for property damage, and another claim for business interruption can help lower the net impact.