Undersea,Cable,Snap,Hamstrings DIY Undersea Cable Snap Hamstrings International Trade and Harm
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Underseacable accident like the one which hit recently in the optical fiber submarinecommunication system of SEA-ME-WE 4 can bring international trade to its knees.That is because today businesses around the world by and large make use of theservices of Business to Business (B2B) portals. Any disruption due to cablesnaps or anything of that nature would inflict colossal damage to internationaltrade and thereby would trigger a price rise in exim commodities. B2Bs areknown as the state of the art vehicle global business and it is run by internetservices. B2B portals being an online entity provide international tradeservices at greater speed and cost effectiveness. More than adecade of B2B portals existence, have drawn the attention of thousands ofinternational traders and a majority of them utilize the services of theseportals to the best effect. But incidents like the one which happened in thegulf would bring to a standstill not only international trade but also otherservices which depend on the internet. In the modern world it is hard topinpoint any interactive function which is done without the internet. B2Bportals basically help a trader to do ones business, just being in onesoffice. In the day to day business a B2B based trader has to extensively usethe internet services. The portals are equipped with services that allow thetrader to present ones trading need through the provided company profiles ofthe respective trader. The damageto SEA-ME-WE 4 is a wake up call to the world as a whole. Initial reluctance bythe consortium with the same name to admit the damage, apparently shows theintensity of destruction. The immediate measures taken by the consortium givesa sigh of relief to the international trading community. This accident hasfurther prompted other service providers to take pre-emptive measures to avoidsuch disasters in the future. The businesses especially in the undersea cabledregion had made severe losses due to the disruption of the services. It isunimaginable to what extent the losses would have made by businesses if theservices were not resumed quickly. Asthere is no substitute to that of the services of B2Bs in internationalbusiness, it has to be taken into consideration that uninterrupted internetservices is a must for containing any kind of economic slow down. Everyone tendto forget the other side of destruction which could happen due to suchaccidents. At the moment, the affected region is hoping for a speedy solutionfor this problem and wants to have an assurance from the service providers to makeavailable genuine updates on any such incident in the future. One cannotde-couple international business from B2Bs anymore and these services aresolely run on internet. Since there is no mechanism to valuate the transactionstakes place on a daily basis on the B2B portals, it is hard to assess thedamage, the disruption of services have cost to the region in few days time. To conclude, the disruption of internet willhamstring B2Bs and eventually it will inflict severe damage to the globalbusiness.
Undersea,Cable,Snap,Hamstrings