Climate Change

The primary audience of this report is corporate supply chain, procurement, and purchasing professionals, but it is also relevant for strategy, risk management, operations, and other corporate functions dealing with climate change and the supply chain.

It is critical for business to understand the full spectrum of climate risk: not merely how physical impacts affect infrastructure, but also the extent to which their workers and assets are exposed and how communities experience and adapt to these impacts.

When the American Association of Port Authorities (AAPA) convenes its 106th Annual Convention and Expo in Long Beach next month, much of the focus will be placed on climate change and the devastation to ocean cargo gateways in the southeast and gulf hit hard by two recent hurricanes. That’s because environmental stewardship is something that all ports take seriously now…even if they are not in the path of murderous winds and surging seas.

'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?