Exact storm track could have a significant impact on the global supply chain
Typhoon Doksuri (Typhoon Egay in the Philippines) is forecast to pass the northeastern coast of Luzon, Philippines, as a Category 4-equivalent typhoon on Tuesday, July 25, with maximum sustained wind speeds of approximately 144 mph (232 km/h), according to the Joint Typhoon Warning Center (JTWC) Warning No. 14.
The JTWC forecasts that Doksuri will travel northwest through the Taiwan Strait where it may weaken slightly before passing the southern coast of Taiwan on July 26 and 27 (Figure 1).
Typhoon-force winds and storm surge in both the Philippines and Taiwan may cause substantial damage to coastal properties. Precipitation-induced inland flooding may be a significant loss-causing peril associated with Typhoon Doksuri.
Forecasts from the Philippine Atmospheric, Geophysical and Astronomical Services Administration show that precipitation totals may surpass 200 millimeters (7.9 inches) in portions of Luzon through July 26. Intense rainfall in mountainous regions may result in landslides damaging more property.
Global Impacts of Typhoon Track Uncertainty
The JTWC Typhoon Doksuri best track data indicate that the storm may pass between Luzon and Taiwan without direct landfall. However, any deviation north or south could have a material impact on insurable losses in either country. Deviation of the storm could also affect the global supply chain due in part to the prevalence of semiconductor production facilities in southern Taiwan.
Taiwan is a leader in semiconductor chip manufacturing. Facilities are found along the west coast from Taipei to Tainan, and manufacturing sites in Tainan are within reach of the typhoon-force winds, storm surge, and heavy precipitation of Typhoon Doksuri (Figure 2).
A major impact to the plant facilities or shipping networks could have significant global consequences, as the chips produced in these Taiwanese facilities are used in various products, from computers to vehicles.
CoreLogic Hazard HQ Command Central™ will continue monitoring Typhoon Doksuri’s impacts. Additional impact analysis in the Philippines, Taiwan, and mainland China will be provided after Typhoon Doksuri makes a final landfall.
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