Photo courtesy of Bangkok Post
Typhoon Yagi has crippled Vietnam’s northern industrial powerhouse, leaving factories flattened and global supply chains in peril.
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Typhoon Yagi has crippled Vietnam’s northern industrial powerhouse, leaving factories flattened and global supply chains in peril. The most powerful storm to hit Asia this year made landfall last Saturday, September 7, but its destructive reach extended into today, with floods and landslides killing dozens and devastating vital infrastructure, including roads and power networks.
The storm’s wrath could have a significant knock-on effect, disrupting supply chains for major multinational companies exporting to North America, Europe, and beyond. Many factories have shut down, with some expected to take weeks to get back to full capacity.
Haiphong, a key coastal city, has been among the worst affected. A staggering 95% of businesses were initially shut, with partial operations only resuming yesterday. A report described the destruction:
“Many…