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Resilient Industries : Competitiveness in the Face of Disasters (English)

Industrial activity creates jobs, catalyzes investments and innovation, and raises standards of living in many countries. As climate change, and natural disasters intensify, so too does the risk environment for industry activity. More recently, a viral pandemic has threatened industries and national economies, and the imperative to secure business continuity and competitiveness during growing instability has thrust resilience into the spotlight. The suite of risks posed by climate change and natural disasters threatens industry’s potential to grow, generate jobs, and compete. For many developing countries, disaster-related liabilities may exceed the capacity of governments to respond, and even national economies may be threatened. The emergence of industry resilience as a global discourse is timely; however, industry resilience is a nascent discipline, and frameworks for its application and operation remain limited even as threats intensify. Disasters offer the opportunity, with the right frameworks in place, to strengthen competitiveness through build back, better initiatives, and to adapt to long-term climate change and disaster risks. Despite these insights, and the urgency to act, however, the evidential basis for policy intervention and conceptual frameworks for industry resilience are far from definitive, and gaps in knowledge remain. As a result, industry resilience policy and action remain low in both the public and private sectors, and firms and economies still face significant costs of inaction.

Details

  • Author

    Kechichian,Etienne Raffi, Takemoto,Shoko, Shin,Nah Yoon

  • Document Date

    2020/10/29

  • Document Type

    Report

  • Report Number

    154013

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    World,

  • Region

    The World Region, Other,

  • Disclosure Date

    2020/11/20

  • Disclosure Status

    Disclosed

  • Doc Name

    Resilient Industries : Competitiveness in the Face of Disasters

  • Keywords

    industrial park; climate change and disaster risk; small and medium enterprise; impact of climate change; data collection and analysis; better access to market; Nature-Based Solutions; economic opportunities for woman; Climate Risk Assessment; climate co-benefits; limited access to finance; Disaster Response and Recovery; information and communication technology; risk-sharing mechanism; disaster risk financing; global value chain; business continuity plan; infrastructure and services; long-term climate change; industrial park development; disaster risk assessment; disaster risk management; financial safety net; disaster preparedness; impact of disaster; repair and reconstruction; Disaster Risk Reduction; catastrophe insurance; climate change risk; humanitarian assistance program; foreign direct investment; national climate change; regional economy; social and environmental; public sector entity; role of information technology; water supply system; flow of people; flood insurance rate; industry and trade; competitive market structure; land use plan; Water and Energy; flood protection infrastructure; global financial crisis; information communication technology; standard of living; private sector stakeholder; limited liability partnership; emergency preparedness plan; sewage treatment plant; probability of occurrence; catastrophe risk; power and water; national flood insurance; economic growth strategy; partial credit guarantee; emergency operations center; international financial institution; disruption of service; costs of inaction; Disaster Risk Finance; emergency response plan; competitiveness of firms; gap in knowledge; refined petroleum product; manufacturing sector; new technology; resilient infrastructure; supply chain; industry association; damage assessment; industry sector; market demand; public-private partnership; competitive industry; civil society; industrial infrastructure; critical infrastructure; industrial association; infrastructure service; infrastructure system; production network; physical damage; woman entrepreneur; technology provider; financial impact; Public Infrastructure; market access; rapid assessment; national strategy; fiscal incentive; innovative technologies; private investment; need assessment; emerging economy; contingency planning; tax incentive; product certification; national economy; Emerging economies; financial instrument; trading partner; manufacturing industry; cost-benefit analysis; Industrial Policies; hazard map; infrastructure provider; trade finance; conceptual framework; aftercare program; contractual arrangement; big data; insurance companies; insurance claim; female workers; preparedness actions; vulnerable group; disaster impacts; job loss; natural disaster; cost analysis; indirect impact; differentiated impact; regulatory barrier; natural hazard; construction inspection; financial measure; resource recovery; financial loss; institutional framework; international donor; Industrial Policy; business strategy; best practice; satellite mapping; power supply; emergency restoration; financial resource; apparel sector; industrial activity; contract opportunity; storm surge; earthquake damage; industrial entrepreneur; business practice; computer hardware; health monitoring; broader community; park infrastructure; mainstreaming gender; dike construction; use policy; financial intervention; food product; industry finance; preferential loan; production capacity; reputational risk; export performance; bankruptcy risk; business sector; private finance; transaction cost; healthy competition; investment limit; business interruption; food processing; vulnerability assessment; sustainable infrastructure; asset value; global companies; sustainable investment; Job Creation; policy tool; competitiveness agenda; financial incentive; technology solution; logistics company; backup power; foreign manufacturer; electrical machinery; monitoring mechanism; enabling environment; capital loan

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Citation

Kechichian,Etienne Raffi Takemoto,Shoko Shin,Nah Yoon

Resilient Industries : Competitiveness in the Face of Disasters (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/682501604040773738/Resilient-Industries-Competitiveness-in-the-Face-of-Disasters