“The latest United Nations IPCC report could not have been clearer that actions must be taken quickly to avoid the worst effects of Climate Change”, when global warming of more than 1.5°C would cause unprecedented climatic consequences and extreme weather events1.
According to Gartner®, “Climate change not only increases the risk of disruption, but also changes users’ wants and needs“.
As the effects of climate change will continue to have an increasingly significant impact on the global supply chain, how should businesses seek to build resilience into their supply chains moving forward?
Some of the key recommendations in the Gartner report are :
- “Chief supply chain officers CSCOs need to prioritize their efforts in 2022, focusing on the following trends: Climate change, Raw materials availability, inflation and Digital technology.”
- “Chief supply chain officers must prioritize environmental sustainability activities to maximize business impact, meeting stakeholder expectations and creating a competitive advantage”.
- “Develop a climate change adaptation plan: assess climate change risks, undertake scenario planning and put in place actions which encompass the end-to-end supply chain.”
Leverage this research to identify trends, blind spots and responses for Supply Chain 2022.
(1) Special report ”Global Warming of 1.5°C”, The Intergovernmental Panel on Climate change IPCC, 8 October 2018.
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