Typhoon Gaemi has caused fatalities in the Philippines and forced evacuations, disrupting businesses and transport in both the Philippines and Taiwan. The storm, with winds reaching 165 kmph, is expected to make landfall in Taiwan and cause significant damage, impacting the local economy. Precautions are being taken by companies like TSMC, and flights and ferries are being canceled due to the threat posed by Gaemi.

Typhoon Gaemi, with winds reaching an impressive 165 kmph, has caused fatalities in the Philippines and forced evacuations, resulting in disruptions to businesses and transport in both the Philippines and Taiwan [1]. This powerful storm, expected to make landfall in Taiwan, is likely to inflict considerable damage on the local economy.

Taiwan, located in the path of Typhoon Gaemi, has curtailed its annual Han Kuang military drills and cancelled various transportation services, including ferries and domestic flights, to prepare for the storm's arrival [1]. The Taiwanese government has issued a land warning, centring on the east and northeast of the island, where it is most likely to make landfall [1]. Some central and southern Taiwan counties may experience up to 1,800 mm (70 inches) of rain during the typhoon [1].

The impact of Typhoon Gaemi is not limited to Taiwan. The Philippines, which was previously affected by the storm but did not experience a landfall, has reported heavy rain from the typhoon [2]. Companies like TSMC have taken precautions, ensuring the safety of their operations [1].

The economic consequences of Typhoon Gaemi go beyond the affected countries. The typhoon may disrupt international trade flows, particularly those involving electronic components and other goods produced in Taiwan [3]. Additionally, disruptions to transportation and logistics may cause delays in the delivery of goods to markets around the world.

As Typhoon Gaemi approaches Taiwan, it is crucial for companies and individuals to remain vigilant and prepared for its potential impact. By taking necessary precautions and staying informed, they can minimize the risks associated with this powerful storm.

References:
[1] Reuters. (2024, July 23). Taiwan curtails annual war games, cancels flights as Typhoon Gaemi approaches. https://www.reuters.com/world/asia-pacific/taiwan-curtails-annual-war-games-typhoon-gaemi-barrels-towards-island-2024-07-23/
[2] The New York Times. (2024, July 23). Typhoon Gaemi's Path. https://www.nytimes.com/interactive/2024/07/23/world/asia/gaemi-map-path-tracker.html
[3] FocusEconomics. (2024). Taiwan GDP Forecast. https://www.focus-economics.com/countries/taiwan/forecasts/gdp