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New climate risk scores are equipping supply chains with essential tools to enhance their resilience against climate-related disruptions projected up to the year 2100.
These scores provide businesses with comprehensive insights into potential vulnerabilities across their supply chains, enabling them to identify high-risk areas and implement targeted strategies for mitigation. As extreme weather events become more frequent, understanding these risks is crucial for maintaining operational continuity and ensuring sustainable practices. This proactive approach not only safeguards supply chains but also positions companies to adapt effectively to the evolving challenges posed by climate change.
Citations:
[1] https://hbr.org/2022/05/how-exposed-is-your-supply-chain-to-climate-risks
[2] https://www.aon.com/en/insights/articles/the-climate-crisis-is-driving-supply-chains-to-adapt
[3] https://sftool.gov/plan/556/supply-chain-climate-risk-management-framework
[4] https://www.marshmclennan.com/insights/publications/2023/august/climate-resilience-5-steps-to-strengthen-supply-chains.html
[5] https://www.conference-board.org/publications/can-your-supply-chain-handle-the-heat
[6] https://thedocs.worldbank.org/en/doc/8a34cc7c6d1b9ac3096144301e840840-0350072016/original/Growing-Agribusiness-SMEs-in-Tanzania.pdf
[7] https://www.sciencedirect.com/science/article/abs/pii/S0925527323002001
[8] https://www.abs.gov.au/media-centre/media-releases/falling-global-demand-slows-australian-export-prices
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