It cannot be debated that severe weather has sprung up much more often in recent years, and there is no reason to think it will abate any time soon. Joyce Coffee writes for Environmental Leader about the steps supply chains are taking to mitigate the risk in these perilous times.
Brave the Storm
Flooding in Thailand back in 2011 disrupted parts suppliers badly enough to cause $15-20 billion in losses. Honda and HP particularly took a big hit to their bottom line that could be traced directly back to the flood. Since more Thailand-like events are expected to occur, businesses are reacting and planning accordingly. Unilever, for instance, has made it a goal of theirs to source 100 percent of its agricultural raw materials sustainably.
Several businesses however are also turning to the ND-GAIN, Notre Dame Global Adaptation Index, which uses 17 years of data to rank countries on their vulnerability to droughts and natural disasters. Incorporating a group like ND-GAIN into business-continuity preparations is key if you are serious about preparing for the bad weather. To learn more, you can read Coffee’s full article here: http://www.environmentalleader.com/2014/04/30/supply-chains-in-the-face-of-a-changing-climate/