Chemical Terrorism and Its Impact on Business

8/8/2019 Chemical Terrorism and Its Impact on Business

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SEMINAR ON CONTEMPORARYSEMINAR ON CONTEMPORARY

ISSUES IN MANAGEMENTISSUES IN MANAGEMENT

MODULEMODULE--33

CHEMICAL TERRORISM AND ITS IMPACTCHEMICAL TERRORISM AND ITS IMPACTON BUSINESSON BUSINESS

Vaibhav s. ShahVaibhav s. Shah09MBA4709MBA47



MEANINGMEANING

TerrorismTerrorism usingusing chemicalchemical agentsagents.. TheseThese chemicalchemicalagentsagents areare poisonouspoisonous gases,gases, liquidsliquids or or solidssolids thatthat havehavetoxictoxic effectseffects onon people,people, animalsanimals or or plantsplants.. MostMost chemicalchemicalagentsagents areare capablecapable of of causingcausing seriousserious injuriesinjuries or or deathdeath..

TheThe severityseverity of of injuriesinjuries dependsdepends onon thethe typetype andand amountamountof of thethe chemicalchemical agentagent used,used, andand thethe durationduration of of exposureexposure..

ChemicalChemical warfarewarfare or or chemicalchemical terrorismterrorism involvesinvolves thethe useuseof of syntheticallysynthetically producedproduced chemicalchemical compoundscompounds toto killkill or or injureinjure humans,humans, animals,animals, andand plantsplants



CHEMICAL TERRORISMCHEMICAL TERRORISM

CHARACTERISTICSCHARACTERISTICS Possible warning of attackPossible warning of attack

Immediate or delayed effectsImmediate or delayed effects

High casualty rateHigh casualty rate

Incapacitating or lethalIncapacitating or lethal

Spread of contaminationSpread of contamination

Immediate impact on response agenciesImmediate impact on response agencies



CHEMICAL AGENTSCHEMICAL AGENTS

The military defines five types of agentsThe military defines five types of agents

Nerve AgentsNerve Agents

Sarin, Soman, Tabun and VX (organophosphates)Sarin, Soman, Tabun and VX (organophosphates)

Blister AgentsBlister AgentsMustard, LewisiteMustard, Lewisite

³Blood´ (Cyanide) Agents³Blood´ (Cyanide) Agents

³Choking´ Agents³Choking´ Agents

Chloride, PhosgeneChloride, Phosgene Incapacitating AgentsIncapacitating Agents

Tear Gas, Pepper Spray,Tear Gas, Pepper Spray,



CHEMICAL AGENTSCHEMICAL AGENTS cont«cont«

Commercial Chemicals can also be used as weaponsCommercial Chemicals can also be used as weapons

The FBI has a list of industrial chemicals that terroristsThe FBI has a list of industrial chemicals that terrorists

might use called the ³Critical Agent List´might use called the ³Critical Agent List´

Ammonia Ammonia

Arsine Arsine

ChlorineChlorine

CyanidesCyanides Hydrogen SulfideHydrogen Sulfide

Methyl IsocyanateMethyl Isocyanate

PhosgenePhosgene

PhosphinePhosphine

Sulfur DioxideSulfur Dioxide FluorineFluorine



Chemical Weapons on the BattlefieldChemical Weapons on the Battlefield

WorldWar I useWorldWar I use

Chlorine and mustard agentChlorine and mustard agent

WorldWar II developments:WorldWar II developments: Tabun, Sarin, and Soman by GermanyTabun, Sarin, and Soman by Germany

VX by Great BritainVX by Great Britain

Rocket deliveryRocket delivery

Worldwide outcry for chemical weapon treatiesWorldwide outcry for chemical weapon treaties





IMPACT ON BUSINESS cont..IMPACT ON BUSINESS cont..

ConcentrationConcentration of of fundfund inin securitysecurity sector sector :: IncreaseIncreasefrequencyfrequency of of terroristterrorist attackattack requiresrequires governmentgovernment totoinvestinvest moremore moneymoney inin securitysecurity andand defensedefense sector sector thanthaninin other other sectorssectors.. ThisThis maymay resultresult inin lessless fundfund allocationallocation toto

infrastructureinfrastructure andand agricultureagriculture sectorssectors.. So,So, byby thisthis thetheinfrastructureinfrastructure andand agriculturalagricultural sectorssectors suffer suffer..

ForeignForeign institutionalinstitutional investorsinvestors:: DueDue toto environmentalenvironmentalandand politicalpolitical instabilityinstability foreignforeign investorsinvestors couldcould movemove their their investmentinvestment areasareas.. As As thethe recentrecent terroristterrorist targetstargets hotelshotelsandand touriststourists whichwhich resultsresults inin decreasedecrease inin investmentsinvestmentstowardstowards hotelhotel andand tourismtourism industryindustry..




NoNo newnew projectproject:: India¶sIndia¶s ITIT softwaresoftware sector sector moremoredependsdepends onon foreignforeign projects,projects, butbut duedue toto terroristterrorist attackattacktheythey mightmight stopstop givinggiving their their projectsprojects toto our our countrycountry.. NoNonewnew technologiestechnologies comecome upup for for implementationimplementation.. WeWe cancan

notnot hirehire foreignforeign skillskill people,people, duedue fear fear inin their their mindmind aboutaboutour our countriescountries politicalpolitical andand socialsocial environmentenvironment..

ImpactImpact onon exportexport--importimport:: thisthis continuouscontinuous instabilityinstability alsoalsoharmsharms countriescountries importimport--exportexport.. WhileWhile exportingexporting our our goodsgoods toto foreignforeign countriescountries theythey demanddemand for for moremorecheckingchecking andand securitysecurity duedue toto terroristterrorist attackattack onon our our countrycountry.. SameSame casecase for for importingimporting goodsgoods fromfrom other other countrycountry..




Mirror Mirror imageimage of of economyeconomy:: stockstock marketmarket isis consider consider asas

mirror mirror faceface of of IndianIndian economyeconomy.. Terror Terror attackattack impactsimpacts

negativelynegatively onon stockstock marketmarket.. ThisThis resultresult inin slowslow economiceconomic

growthgrowth andand developmentdevelopment..

Impact on insurance sector Impact on insurance sector:: Insurance sector has toInsurance sector has to

bare losses for those insured people who suffered due tobare losses for those insured people who suffered due to

terrorist attack. Size of such a loss is not predictable byterrorist attack. Size of such a loss is not predictable by

any insurance company. Many insurance companies gotany insurance company. Many insurance companies got

bankrupted after 9/11 terrorist attacks on united state.bankrupted after 9/11 terrorist attacks on united state.




ThereThere isis alsoalso thethe potentialpotential impactimpact of of psychologicalpsychological fear fear of of

terrorismterrorism onon economiceconomic behavior behavior.. For For investors,investors,

corporationscorporations andand governmentgovernment policymakers,policymakers, itit isis criticalcritical

toto understandunderstand thethe magnitudemagnitude of of thethe effectseffects of of terroristterrorist

actsacts..



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Chemical Terrorism and Its Impact on Business