Building resilience in global supply chains
How resilient are your suppliers to climate change risk? ERM’s climate change and business continuity specialists are working with clients to help manage the direct and indirect physical risks from extreme weather and climate change in their global supply chains.
Based on projects across sectors and geographies, we have developed the tools and expertise to assess vulnerability at each stage of the supply chain and implement strategies for managing and mitigating risks to business disruption. Each sector has opportunities for creating an integrated approach to managing risks specific to its industry. The goal is to make our clients’ organizations and their supply chains more resilient.
Our experts were co-authors of the report Building Resilience in Global Supply Chains, by the World Business Council for Sustainable Development (WBCSD), which looks at the resilience of suppliers to the physical impacts of climate change. ERM helped develop case studies for the report based on our experience with clients in different sectors. The case studies focus on two specific supply chains: corn production for the beverage industry in the United States and the production of lithium ion batteries for electric vehicles. The cases studies are presented in the context of an analysis of global supply chains and the increase in impacts from a changing climate. By illustrating how supply chain risk is typically managed with recent examples from around the world, the report provides concrete approaches for strengthening global supply chains through looking at adaptation and resilience measures based on practical experience. The report is available here.