Monsoon floods in Thailand are disrupting the supply chains of multinational companies including Apple, Ford Motor, General Motors, Nissan Motor, Honda, Toshiba, Toyota Motor and Western Digital, according to Bloomberg.
Some 14,000 factories have been affected by the monsoons floods, the worst in 50 years, said The Freight Co, a flood recovery logistics provider. The Bank of Thailand said it would downgrade the country’s growth estimates for 2011 to 3 percent from 4.1 percent.
Access to the country’s main cargo airport is still possible, but exports have fallen 15 percent since the floods began earlier this week, said Stewart Sinclair, senior vice president Asia and managing director of ground handler Bangkok Flight Services.
Emergency work to build up earthen walls now ringing Suvarnabhumi International Airport’s 23.5-kilometer perimeter is ongoing, but more runoff is expected to swell flooding over the weekend. Large swathes of Thailand have been submerged in recent weeks, resulting in the death of about 320 people.
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