![]() ![]() ![]() Where they identify vulnerabilities, they are taking preemptive action to mitigate potential impacts and adapt to future conditions. By studying their supply chains in detail, companies are quantifying how resilient they are. The interconnectedness of the global market means that rising sea levels in Vietnam, for example, can have a direct bearing on the sale of AirPods or Nike shoes in Moscow or San Francisco.Īmong forward-looking businesses, a new effort is afoot to navigate disruptions by leveraging data analytics and simulation-based location intelligence that forecast climate trends next season or decades into the future. Natural disasters and adverse weather events triggered by global warming are not limited to any one region or industry today, but pose threats throughout the supply chain, creating huge challenges for COOs and other business leaders in retail, manufacturing, insurance, utilities, and beyond.Ĭlimate-related interruptions to the international flow of goods-which is worth roughly $20 trillion-slow the delivery of food, medicine, and materials like computer and auto parts, and can result in billions in economic loss. Article snapshot: Business executives crave predictability, and a new simulation-based system uses GIS technology to predict where supply chain vulnerabilities could emerge months and years in the future. ![]()
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