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The 2015 Natural Hazards Risk Atlas

Verisk Maplecroft has published its 2015 Natural Hazards Risk Atlas, which ranks over 1300 cities in 198 countries on their exposure to natural hazards to help organizations identify and compare risks to populations, economies, business and supply chains.

According to the Atlas, the strategic markets of Philippines, China, Japan and Bangladesh are home to over half of the 100 cities most exposed to natural hazards, highlighting the potential risks to foreign business, supply chains and economic output in Asia from extreme weather events and seismic disasters. Of the 100 cities with the greatest exposure to natural hazards, 21 are located in the Philippines, 16 in China, 11 in Japan and 8 in Bangladesh. Analysis for the Natural Hazards Risk Atlas considered the combined risk posed by tropical storms and cyclones, floods, earthquakes, tsunamis, severe storms, extra-tropical cyclones, wildfires, storm surges, volcanoes and landslides.

The Philippines’ extreme exposure to a myriad of natural hazards is reflected by the inclusion of eight of the country’s cities among the ten most at risk globally: including Tuguegarao (2nd), Lucena (3rd), Manila (4th), San Fernando (5th) and Cabantuan (6th). Port Vila, Vanuatu (1st) and Taipei City, Taiwan (8th) are the only cities not located in the Philippines to feature in the top ten.

Manufacturing and logistics hubs among cities most at risk

According to Verisk Maplecroft, natural hazards constitute one of the most severe disrupters of business and supply chain continuity, and also threaten economic output and growth in some of the world’s key cities, especially for those located in the emerging markets.

“As typhoon Haiyan in the Philippines and the tsunami in Japan showed us, natural hazard events can have far-reaching and long-lasting impacts on supply chains, business and economies,” states Dr Richard Hewston, Principal Environmental Analyst at Verisk Maplecroft. “Understanding how, where and why those risks manifest is an imperative in managing potential shocks.”

According to the Natural Hazards Risk Atlas, several key manufacturing and logistics hubs are highly exposed to natural hazards. One of the world’s busiest ports Tokyo is ranked 22nd, while the commercial centres of Manila (4th), Taipei City (8th) and Dhaka (35th) and the important Chinese manufacturing locations of Wenzhou (49th), Foshan (63rd) and Dongguan (80th) all feature among the 100 most exposed cities.

More details.

•Date: 4th March 2015 • Various •Type: Article • Topic:: Operational risk management


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