Thailand is the world's second-largest producer of hard disk drives, supplying approximately 25 percent of the world's production. Many of the factories that made hard disk drives were flooded, including Western Digital's, leading some industry analysts to predict future worldwide shortages of hard disk drives. Western Digital was able to get one of their plants, flooded on 15 October 2011, restored and operating on 30 November 2011. The company's flood-related costs were estimated at between US$225–275 million; however, an insurance claim of US$50 million for property damage and another claim for business interruption would help lower the net impact. As a result, most hard disk drive prices almost doubled globally, which took approximately two years to recover. Because of the prices increase, Western Digital reported a 31 percent revenue increase and a more than doubled profit for fiscal year 2012.
