The Impact of Power Outages on Businesses
Power outages can be caused by a number of factors, including storms, trees, human error, vehicles, and more. One major cause of power outages is animal interference.
When it comes to your business, power outages can be detrimental. Experts point that losses resulting from power outages amount to over $30 billion annually. In order to protect your business, it’s important to understand how power outages can affect your business and what preventative measures you can take to help keep power outages to a minimum. Check out these four impacts power outages can have on businesses and how our humane wildlife control products can help.
1. Budget Overruns
Today, most businesses rely on electricity for most aspects of their operations. Whenever outages occur, companies are forced to find backup solutions, which swell their operating budgets. With a tighter operating budget, you'll have to cut the cost of other essential business operations.
2. Loss of Revenue
When your company's operations get affected by power outages, sites may go down and your business won't be able to deliver the services or products it usually provides. If customers can’t access your website or find your products, they are likely to find another provider for those services and products, thus resulting in a loss of revenue.
3. Damaged Equipment and Inventory
Power outages can damage your electrical equipment, especially if you haven't protected them against electrical surges. Replacing or repairing electrical equipment can swell operating costs significantly. For businesses such as grocery stores, pharmacies, and restaurants, power outages could also mean a loss of inventory.
4. Loss of Productivity
For a company that relies on electrical equipment, a power outage means employees may not be able to undertake their tasks, thus resulting in the loss of productivity. A loss of productivity can lead to less inventory and therefore, a loss of revenue. To compensate for the lost time and complete the tasks, you might need to pay employees overtime, which could lead to a budget overrun.
Protect Your Business Against Power Outages
Many power outages occur when rodents, snakes, and other small animals stray onto power lines and other electrical equipment. Fortunately, at Critter Guard, our Line Guard and Pole Guard products are designed to prevent critters from access power lines, transformers, utility poles, and other important electrical equipment.
To learn more about how our humane wildlife control products can help protect your business from power outage expense and damage, contact us today!
- Tags: Effects and Impact
- John Sims