CHANGE
TENING SUPPLY ?
For those who manage risk in supply chains , climate change is becoming a weightier problem by the minute . A recent major study of 12,000 suppliers in the United States , China and Taiwan measured climate-related risks being faced by around 100 original equipment manufacturers ( OEMs ) in the high-tech , auto and consumer goods industries .
The Harvard Business Review study suggests just 11 % of suppliers are fully prepared for weather-related disruption . The study also found half ( 49 %) of the surveyed US companies had experienced an increase in climate volatility , with this figure jumping in China and Taiwan to a massive 93 %.
The reality is that as climate change worsens , we will 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 .
Take hurricanes – or typhoons , as they are known in South East Asia : these are
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