Global supply chains are a central organizing mechanism of the economy. Their effective management involves making trade-offs between network efficiency and resilience, as well as broader environmental, social, and governance impacts. This paper focuses on understanding global supply chains’ exposure and vulnerability to increasing climate extremes by analysing revenue-at-risk and response capacity to increasing climate extremes at 10,250 sites across the United States and China. We find that 49% of sites are exposed to increasing climate extremes, and that of sites with the highest revenue-at-risk, 38% are minimally prepared and only 12% are adequately prepared for a disruptive climate event.
Speakers:
- Sandor Boyson, Research Professor at the Robert H. Smith School of Business, University of Maryland, College Park
- Michael Gerst, research faculty at the Earth System Science Interdisciplinary Center at the University of Maryland
- Russ Wermers, Director, Center for Financial Policy and Finance Chair, Robert H. Smith School of Business
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