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Climate Change Could Have A Bigger Impact On Supply Chains Than COVID-19

  • Wildfires in the American West, flooding in China and Europe, and drought in South America are already disrupting supplies of everything from lumber to chocolate to sushi rice.
  • Top strategies to mitigate supply-chain risk are often referred to as bridging and buffering.
  • But the best way for a company to protect itself and its supply chain is to be proactive in reducing its own carbon footprint, argues John Sterman, professor of management at MIT’s Sloan School of Management.

The onset of the coronavirus pandemic caused unprecedented, worldwide supply-chain disruptions, but experts say that’s a drop in the bucket compared with the disruptions that climate change will cause.

Read the full article on CNBC.

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