As winter approaches, businesses need to prepare for the challenges of snow and ice storms to maintain seamless operations. They can cause lost sales, unexpected costs and disruptions in supply chains, among other things. However, with the correct information and tools, businesses can make efficient decisions to minimize disruptions and optimize their operations. Implementing strategic measures can minimize disruptions and maintain productivity even in the harshest weather conditions.
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The impact of snowstorms on businesses
Snowstorms can have a significant impact on businesses, especially small businesses. They can cause disruptions in supply chains, power outages, and transportation issues, among other things. According to a study by IHS Global Insight, a major storm with "impassable" roads could have a significant economic impact with just a one-day shutdown. The research showed that a single day's shutdown in New York costs about $700.17 million, while Massachusetts loses about $265.12 million.
Investing in timely snow removal pays off economically in the long run. Despite concerns about upfront costs and budget constraints, the economic impact of snow-related closures outweighs the expense of proactive measures - like AccuWeather’s Snow Warning Service. Decision-makers should adopt a forward-thinking approach to planning for snow removal strategies.
The indirect economic impacts extend through the local economy, affecting retailers and their employees. Understanding these impacts becomes crucial for businesses to navigate the complex economic landscape following a snow-related shutdown.
Strategies to navigate winter’s challenges
The best way businesses can protect their people, property, and profits during the winter is by utilizing AccuWeather’s Snow Warning Service. However, there are several strategies to help companies navigate the challenges this winter.
Proper preparations can also open up opportunities for increased sales. For example, it would allow retailers to properly position shovels and salt. It would also allow retailers to make sure they have enough inventory.
Virtually Eliminate the Risk of Being Surprised by Snow and Ice
To make the best decisions every time, you need the Superior Accuracy™ of AccuWeather's Snow Warning Service™. Study after study shows that AccuWeather provides the most accurate, precise, and detailed forecasts, which give you an exclusive umbrella of protection.
Independent studies show that AccuWeather’s forecasts are significantly more accurate and more valuable than all other sources. Last winter, AccuWeather’s average error for start and end times for snow and ice was just 1½ hours compared to an average error of more than 3 hours from other sources.