Business Recovery After the 2011 Queensland Floods
In the coming days Vantage Performance will be providing checklists, Q&As and 5-step recovery plans to help businesses affected by the severe flooding in Queensland to get back on their feet.
These floods are expected to have a multi-billion dollar impact not just on Queensland but on the Australian economy. Queensland accounts for approximately 20% of the Australian economy, 60% of global coking coal exports and 28% of Australia’s fruit and vegetable production. As a result of the floods, IBISWorld has downgraded its GDP forecast for 2010-11 from 2.9% to 2.6%.
IBISWorld reports there was significant damage to infrastructure across Queensland, and an estimated 18,000 residential and commercial properties were significantly affected in Brisbane and Ipswich. Lost productivity was also significant, as Brisbane’s CBD closed and work halted on commercial projects. In addition, tourism slowed as domestic and international visitors cancelled or changed trips.
It will take some companies many years to recover. How quickly and decisively you move will have a big impact.
Vantage Performance is working with the Queensland Chamber of Commerce to provide no-cost advice to the most severely affected businesses, to help them get back on their feet.
Here are some good resources for businesses in disaster recovery mode: