The late 2011 Thailand floods sentshockwaves through the market and demonstrated how fragile the modern manufacturing ecosystem can be. Hard drive manufacturers like Western Digital, Samsung, and Toshiba had key facilities located in Thailand, as did some of the major component manufacturers. Hard drive prices skyrocketed in the wake of the floods and stayed up for months. At the time, we predicted it would take 9-12 months for prices to stabilize.
It took longer than that, at least for some businesses. According to cloud data backup provider Backblaze, drive prices have only now returned to previous levels and may still be markedly higher than if the crash had never happened.
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