The eruption of the massive Eyjafjallajoekull volcano on April 14th in Iceland has impacted more than just Europe as the World’s economy has gone into slow mode. Top leaders from European nations have gathered to determine next steps to address the crisis that has impacted travel and business worldwide. Some officials worldwide have blasted the airline industry claiming there was “no coordination and no leadership” in the crisis that shut down almost every European airport for five days.
Dangerous clouds of ash from the volcano have grounded flights traveling in and out of Europe for days, leaving thousands of people stranded. Increasingly travelers, tourists, and business people are strapped for cash. Many are shelling out for hotels, restaurant meals, clothing and revised transport to and from any airport as they seek to bring closure to the travel nightmare. In fact, a member of my family was traveling via Europe to Asia and has been re-routed through the Middle East and the North Pole to get back stateside. Go figure.
Beside travelers, others have been deeply impacted. Some reports have estimated that the airline industry has lost over $1 billion. The NY Daily News reports that for every 1,000 visitors that don’t come from Europe, New York loses $1.5 million. Events such as the Tribeca Film Festival and the London Book Fair have been affected since they have an international reach and draw from overseas audiences.
A New York Times opinion column reminds us that we are vulnerable to natural and other disasters. As leaders, our job is to be prepared. In my book Leadership Building Blocks: An Insider’s Guide to Success, fortitude is a trait that leaders have to make sure to pause, prepare alternatives, and evaluate next steps. Here are some highlights:
- List primary and emergency contact information
- Review safety, security, and emergency plans
- Develop and update regularly emergency awareness programs
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