Climate Change

'Bad for the environment, bad for the economy:' Facebook, Google, Amazon, and many other company executives all made it very clear that they view Trump's decision to withdraw from the Paris climate agreement as a grave mistake.

The issue of climate change intersects with international trade in a multitude of different ways, and there is no doubt that the rules of the multilateral trading system as a whole are indeed relevant to climate change.

From changing routes of supply, to resource scarcity and extreme weather events, climate change has huge implications for global supply chains.

In an effort to gain momentum before the Paris climate talks this December, the Obama Administration has rallied some of the largest companies in the nation to commit billions of dollars to slash their environmental footprints to help combat climate change.

How can organisations start to mitigate the potential disruption on supply chains due to climate change risk?

Climate change and increasing temperatures now seem inevitable, while there are high levels of uncertainty about the manifestations and magnitude of their impact, what is certain is that climate change will have a multiplier effect on supply chain risk.

Based on the astute observations in the OXFAM study, it seems we have a lot of room to grow when it comes to how companies invest in building sustainable supply chains, specifically those affecting small-scale producers.

How should companies respond when extreme weather affects small-scale producers in their supply chain?