No matter how reliable and resilient an electrical grid is, the power will go out from time to time. But, regardless if it’s short term or long term, power outages can result in significant losses for some industries, including hundreds of thousands of dollars in lost perishable inventory for grocery stores and other cold storage facilities.
In its most recent report, the Blackout Tracker from Eaton, Raleigh, N.C., reveals 3,526 blackouts in 2017 caused problems for roughly 36 million utility customers across all 50 states. This is more than a 19 million increase from 2016. The report also references an ITIC study that suggests many organizations can lose up to $100,000 per hour in the face of outages; this is just as if not more catastrophic and true in cold storage-related industries.