EFFECTS OF POWER OUTAGES ON BUSINESSES
Large companies cannot function long without the use of items such as computers, manufacturing equipment and lights. Companies that rely on networks and web based technologies may experience setbacks in the event of an outage. Power problems can affect your business in a variety of ways. Each way can have an impact on the bottom line of your business and your productivity:
Lost Customers and Revenue
When power issues occur, sites may go down and result in lost customers and lost revenue. When customers can’t access your website, they may have no way to purchase products. This one-time power outage could impact how they perceive your company. A damaged reputation can have long-term effects on your revenue. Gaining these customers back might require significant marketing efforts, which can be costly.
Inventory turnover refers to the number of times a company’s inventory is sold or replaced during a specific period of time. If you experience downtime due to an outage, the speed at which you sell your inventory will decrease. If customers aren’t able to make purchases, your unturned inventory will increase.
Decreased Employee Productivity
Downtime as a result of power outages has an impact on employee productivity. Employees may not be able to complete their tasks when key equipment is down. Also, IT employees may need to work overtime to resolve problems or professionals may need to be hired to help recover lost data and get systems running again. Depending on the duration of the power damage, lower employee productivity can have a huge effect on your businesses bottom line.
Stored Computer Data Lost
Power outages are one of the top reasons data loss occurs. Because computers and operating systems are complex, they need to shut down properly. An outage causes computers to shut down unexpectedly. Any files you were working on could be lost or become corrupted. If power outages occur frequently, they can damage your hard drive and reduce its lifespan.
Power issues can cause long-term damage to your equipment. The greatest cause of equipment damage from power outages is the electrical quality issues that occur when the power is restored. Not having a proper backup power supply or not implementing protection from surges and other quality can cause your equipment to become damaged when the power comes back online. Also, the cost to repair equipment is an unanticipated expense that could set you back.