As the frequency and severity of extreme weather events increase, supply chains—the backbone of modern commerce—are becoming more vulnerable. These networks, designed for efficiency, often stretch across continents, relying on stable environments for the production, transportation, and delivery of goods. These integrated supply networks can be destabilized by extreme weather events that are becoming more frequent, and more costly – whether as a result of shutting down operations at key manufacturing nodes, or by disrupting global trade routes themselves.
As a result, climate events that occur thousands of miles away from your operations can nevertheless have severe financial consequences for your organization.
This report looks at the threat of climate change to global supply chains, its potential economic and financial impact, and why businesses should be concerned – offering guidance on what you can do in response to this threat, in order to make your organization more resilient.