Supply chains can render localized environmental disasters into a much larger economy-wide downturn, according to an academic at the University of Cambridge.
It is the 10 year anniversary of the Fukushima earthquake. While the subsequent tsunami destroyed coastal towns and triggered a nuclear meltdown in the city of Fukushima, it is not so much the local devastation that caused problems for the Japanese economy, but rather the disruption to nationwide supply chains that ensued.
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