SUSTAINABILITY

limate change is becoming a bigger problem by the year for those who have to manage risk in supply chains .

A recent Harvard Business Review study suggests just 11 % of suppliers are fully prepared for weather-related disruption . The study also found half ( 49 %) of surveyed US companies had experienced an increase in climate volatility , with this figure jumping in China and Taiwan to a massive 93 %.

Extreme weather events are a global phenomenon and are becoming more problematic . As climate change gathers pace , we are set to face more-frequent and severe extreme weather events , including hurricanes , tsunamis , forest fires , and floods . Inevitably , these will interrupt production , increase sourcing costs , and cut into corporate revenue .

Here , we speak to Cloris Zhang , SVP of Integrated Supply Chain , AMEA , at multinational snacks giant , Mondelēz International . The company owns iconic global and local brands such as Oreo , Ritz , LU , Clif Bar and Tate ’ s Bake Shop biscuits and baked snacks , as well as Cadbury Dairy Milk , Milka and Toblerone chocolate .

Zhang speaks about the impact climate change is having on the company ’ s operations in the APAC region .

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