The Impact of Climate Change on Global Supply Chains
Abstract
From clothes, food and raw materials to countless goods – all are being delivered through complex global networks. This itself as long as they are global is they supply chains. They are the backbone of the global economy that is worth $80 trillion and are logistical networks that tangentially bind the world’s business landscape. However, they are experiencing a comprehensive but unprecedented storm of challenges. Therefore, a question raises how should managers of supply chains act now and in the long run to overcome the obstacles that hover the trade and logistics of the planet? This very text aims to provide guidance and some corrective measures by examining the changes, some of which bring forth innovations rather than drawbacks, in infrastructural, strategical and conceptual sense.
Set alongside the properties of the earth’s atmospheric and 105 year range of shifting weather paradigms, climate fluctuations currently navigate to a stretch-marked territory. Nevertheless, the last few years put up worrisome records – unrelenting fires and polar circles hovering disasters of deeply traumatic temperatures. This owes its unusualness to the addition of carbon from fossil fuels into the atmosphere since 1880 in an unprecedented mass through the around 1.3 trillion tons of CO2 released. The entirety of every known natural catastrophic phenomena such as ice ages, mass extinctions along with the previously referred weather records and some more are explained through lifespans of 600 million years while this pollution of the fossil age has been unveiled for 245 earth rounds.
Keywordsclimate change, global supply chains, extreme weather, resilience strategies, sustainable practices, risk management, logistical networks, innovation