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With historic drought plaguing the Panama Canal, a tropical storm slamming the California coast, and wildfires ravaging Canada, we have entered an era marked by increasingly frequent and severe weather events. As a result of these events, the resilience of global supply chains is facing a significant challenge.
Data shows a 36 percent increase in extreme weather events in 2022 compared to the previous year; and that number is expected to climb further in 2023. These disruptions not only halt transportation and operations but also pose substantial risks to supply chain continuity. To navigate this increasingly volatile landscape, businesses need to adopt proactive strategies to minimize potential losses and mitigate disruptions.
In this article, we’ll take a look at five strategies businesses can implement to weatherproof supply chains against the impact of extreme weather.
