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Flash floods submerge homes after monsoon rains in Thailand

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ResearchMan

ResearchMan
Manager - Equity Analytics
Manager - Equity Analytics

https://ca.news.yahoo.com/video/flash-floods-submerge-homes-monsoon-120000740.html
Fri, August 26, 2022 at 12:00 a.m.

Flash floods from the mountains submerged homes after monsoon rains in Thailand. Footage shows huts inundated under the brown deluge in Nakhon Nayok province on August 25. Water levels in the province started to increase on Wednesday night August 24 due to continuous rains, filling rivers that overflowed into villages. Thailand experienced widespread flooding this week due to monsoon and low-pressure areas of weather that covered 20,800 hectares of land in the northeastern region, with more than 11,000 hectares of rice fields affected. The Meteorological Department warned of more heavy rain across the country until Saturday, with severe flooding in 12 provinces. Thailand and other countries in Southeast Asia, such as Malaysia, Indonesia and the Philippines, are in the middle of their tropical monsoon rainy season, which lasts until October or November.

ResearchMan

ResearchMan
Manager - Equity Analytics
Manager - Equity Analytics

https://asia.nikkei.com/Spotlight/Supply-Chain/Thailand-monsoon-floods-threaten-to-disrupt-supply-chains


Thailand monsoon floods threaten to disrupt supply chains


Manufacturers consider exodus to Vietnam and elsewhere in Southeast Asia


BANGKOK -- Thailand's monsoon season has shifted into high gear, flooding rivers and inundating farmland as foreign companies brace for the damage to reach industrial parks. 
In the historic city of Ayutthaya, a UNESCO World Heritage Site, a 2.5 meter flood gate was installed in late August at Buddhist temple Wat Chaiwattanaram, which sits on the bank of Chao Phraya River. The water appeared near its crest.
"Water levels rise every year. They will increase even more starting in September," said a guard at the temple.
Thailand's rainy season begins in June, and flood risks increase in September and October as the season winds down. The country has recorded more than 60 river overflows in the past 50 years.
Foreign businesses, a major pillar of the country's economic growth, have already begun to avoid Thailand due to rising wages, opting for Vietnam and elsewhere in Southeast Asia. 
Heightened flood risks may lead to more companies leaving.
Roughly 350 sq. kilometers of rice paddies in the northeastern agricultural region, were flooded as of late August, government satellite images show. A large dam on the Chao Phraya River still has ample storage capacity compared with the severe flooding of 2011. But sustained heavy rainfall could cause flood damage to industrial and urban areas.
The flooding in 2011 caused damaged to the facilities of about 800 companies, including Japanese manufacturers, resulting in $35 billion in losses.
A Honda Motor factory was so severely damaged that it took six months to reopen. A Toyota Motor assembly plant was spared damage but supply disruptions forced the automaker to suspend or cut production, including in nearby countries.
"Major flood risks remain," said Masahiro Hayashi, a risk consultant at Tokio Marine Safety Insurance (Thailand).
Major industrial parks have built floodgates and installed other measures, but flood draining efforts by the government have been delayed, due in part to repeated periods of political instability. Even if industrial estates are protected, inundation in the surrounding areas would cut off supply chains.
The challenge is even more complicated by the peculiarities of the Chao Phraya. It has an extensive drainage basin while the elevation at Ayutthaya is only 2 meters higher than Bangkok, about 100 km downstream. This prevents floodwater from receding quickly, and flooding lasted several months in 2011.
"Compared with neighboring nations in Southeast Asia, river flooding risks are exceptionally high," Hayashi said.

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