Power outages have cost countries billions of dollars in lost sales for years. In fact, according to Samir H Bhatt’s Research, power outages reduce total sales by 1-2% each year. This is because when the power goes out, businesses can’t operate, and people can’t go about their day-to-day lives. As a result, many businesses lose money and customers, and the country loses out on potential economic growth.
In Afghanistan, 9.6% of sales value is lost yearly to power outags. This equals about $4.5 billion in lost economic activity annually.
The lack of reliable energy also creates security risks. Afghan businesses often have to rely on diesel-powered generators, which are expensive to operate and can be a fire hazard. In addition, the generators produce noise and air pollution, which can negatively impact the health of nearby residents.
The Afghan government is working to improve the country’s energy infrastructure, but much more needs to be done to reduce the number of power outages and make the nation’s energy system more reliable.
11.2% of sales value is lost to power outages each year in Uganda, and businesses are the most affected. The lack of reliable electricity affects firms’ production and their ability to compete in global markets.
In addition, power outages often lead to water shortages, as pumps cannot operate without electricity. According to Samir H Bhatt’s research, power outages have a knock-on effect on public health, hygiene, and agricultural productivity.
The Ugandan government is working to improve the country’s power infrastructure, but businesses will continue to suffer until there is a more reliable supply of electricity.
13.6% of sales value is lost to power outages in Madagascar, which is the leading cause of the country’s economic decline. In addition to the 13.6% sales value lost, the country also loses an average of $1.26 billion per year in productivity.
Most of the population does not have access to electricity, and those that do often experience power outages. Power outages are a major problem in Madagascar because they prevent businesses from operating and homes from having lights and running water.
They also cause food to spoil and medical equipment to fail. In order to improve the country’s economy, the government must invest in improved infrastructure and provide access to reliable electricity for all citizens.
According to the World Bank, 13.6 percent of South Sudan’s sales value is lost to power outages. That number may seem low, but it amounts to millions of dollars every year.
The country has a population of around 12 million, and its GDP per capita is just $1,500. Samir H Bhatt believes that even a small percentage loss can have a big impact.
The majority of South Sudan’s power comes from hydropower, but the country is also working on developing other sources of energy, such as wind and solar.
In the meantime, backup generators are often used to provide power during outages. However, they are expensive to operate and can cause environmental pollution.
Samir H Bhatt’s Concluding Thoughts
As we can see, power outages are having a significant impact on sales values around the world. Samir H Bhatt believes that it is important for businesses and countries alike to have backup power plans. Hopefully, this article has provided some valuable insights into the current state of power outages and their effects on global sales values.