{"id":2303,"date":"2019-09-24T08:53:56","date_gmt":"2019-09-24T13:53:56","guid":{"rendered":"http:\/\/dev-mhisolutionsmag.officialdirectory.com\/?p=2303"},"modified":"2019-12-16T16:38:35","modified_gmt":"2019-12-16T22:38:35","slug":"mitigating-climate-change-impacts-on-supply","status":"publish","type":"post","link":"https:\/\/www.mhisolutionsmag.com\/index.php\/2019\/09\/24\/mitigating-climate-change-impacts-on-supply\/","title":{"rendered":"Mitigating Climate Change Impacts on Supply"},"content":{"rendered":"

\"\"<\/a><\/p>\n

When weather patterns change or extreme weather occurs, be sure your \u201cumbrella\u201d covers your entire supply chain\u2014not just select pieces of it.<\/strong><\/p>\n

* By Fiona Soltes *<\/em><\/p>\n

Marcel Proust famously quipped that \u201ca change in the weather is sufficient to recreate the world and ourselves.\u201d<\/p>\n

There\u2019s no doubt that the weather keeps changing. So how are supply chains doing with the re-creation end of the equation?<\/p>\n

In recent years, temperatures have continued to rise. The U.S. Global Change Research Program points out impacts already visible, from flooding in the Midwest and drought and wildfires in the Southwest, to erosion in the Northeast and decreased water availability in the Southeast.<\/p>\n

In addition, Munich Reinsurance Company, which has followed climate change for more than 40 years, predicts hurricanes that will be stronger and more intense; increased likelihood of heatwaves and heavy rainfall; more frequent and more extreme monsoons in South Asia; more frequent flooding in Europe; and other challenges.<\/p>\n

\u201cI do think we talk about preparedness a lot,\u201d said Kathy Fulton, executive director of the American Logistics Aid Network (ALAN), an industry-wide philanthropic organization that assists disaster relief with free logistics assistance. \u201cBut we don\u2019t always see action. Someone may say, \u2018We have a business continuity plan,\u2019 but what that really means is that they\u2019re backing up their data offsite and that they have insurance. That\u2019s not really sufficient, even for an everyday disaster.\u201d<\/p>\n

So what is sufficient? How important is it? And what can supply chains be doing now to mitigate the risk?<\/p>\n

First, let\u2019s explore the angle of importance. Supply chains face an increasing variety of threats, and many, like cybersecurity, trade wars and civil unrest, are not likely driven by weather. Even so, when supply chain risk management platform Resilience360 pulled together its annual risk report last year (http:\/\/bit.ly\/2O5CJ22<\/a>), climate change was one of the top 10 supply chain risk named. North America may have experienced fewer disasters and weather-related incidents in 2018 than in 2017, the report stated, but \u201cthe Asia Pacific suffered eight major tropical storms, which caused significant supply chain disruptions in Japan, China, South Korea, Taiwan, and the Philippines. A month-long summer drought in Europe brought water levels on the Rhine and adjacent rivers to record low levels, halting shipping traffic on large stretches and causing multiple chemical and steel makers to declare force majeure.\u201d<\/p>\n

Overall, the report stated, \u201ca hotter atmosphere is linked to a range of problematic effects, including an increase in the frequency and severity of drought conditions, periods of intense rainfall, tropical storms, and damaging wildfires. The timing and severity of climate related disruption can be as unpredictable as it is dramatic, however. Water shortages had a material impact on supply chains in Europe during 2018, with low water levels disrupting inland shipping.\u201d Over the long term, climate change can be \u201cexpected to drive increased risks of flooding and extreme weather patterns.\u201d<\/p>\n

Those not paying close attention, then, would do well to begin.<\/p>\n

Read More\u2026<\/em><\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

When weather patterns change or extreme weather occurs, be sure your \u201cumbrella\u201d covers your entire supply chain\u2014not just select pieces of it. * By Fiona Soltes * Marcel Proust famously quipped that \u201ca change in the weather is sufficient to recreate the world and ourselves.\u201d There\u2019s no doubt that the weather keeps changing. So how …<\/p>\n","protected":false},"author":46,"featured_media":2305,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,14],"tags":[531,536,535,530,529,539,534,533,532,540,537,538],"class_list":["post-2303","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-features","category-sustainability","tag-american-logistics-aid-network","tag-climate-change","tag-cna-corporation","tag-kathy-fulton","tag-munich-reinsurance-company","tag-network-science","tag-philip-palin","tag-resilience360","tag-shehrina-kamal","tag-supply-chain-resilience","tag-supply-chains","tag-u-s-global-change-research-program"],"yoast_head":"\nMitigating Climate Change Impacts on Supply - MHI Solutions<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mhisolutionsmag.com\/index.php\/2019\/09\/24\/mitigating-climate-change-impacts-on-supply\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mitigating Climate Change Impacts on Supply - MHI Solutions\" \/>\n<meta property=\"og:description\" content=\"When weather patterns change or extreme weather occurs, be sure your \u201cumbrella\u201d covers your entire supply chain\u2014not just select pieces of it. * By Fiona Soltes * Marcel Proust famously quipped that \u201ca change in the weather is sufficient to recreate the world and ourselves.\u201d There\u2019s no doubt that the weather keeps changing. 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