(Picture from Skoda Minotti)
Did you know that well over half the world's hard drives are shipped from Thailand? I didn't, until the areas where the warehouses and factories are flooded. This is causing a shortage of computer hard drives world-wide, which is affecting the world economy. As if we didn't have enough problems.
Obviously, our hearts go out to the people of Thailand who have lost their homes and livelihoods due to this natural disaster. Theirs is the real tragedy, as the rest of the world will adjust and adapt within a few months; many of their lives have been changed forever.
The impact on business, nonetheless, is significant. While sales of personal computers tends to peak around Christmas and fall in January, it is estimated that the drop will be more steep this year, and prices on desktop and especially Notebook PC's are already up.
What does that mean for us in the U.S.? It means that if you don't really NEED to buy a new computer right now, just wait. It is estimated that once the factories in Thailand are up and running again, there will probably be a surplus of hard drives, which may drive the prices way down.
Meanwhile, maybe send a Christmas contribution to help the real disaster victims.