Hurricanes, tornadoes, flooding, heat waves, and wildfires — weather-related calamities have alarmed boardrooms across industries and awakened leadership teams to the high degree of financial risk posed by climate change. Executives now are asking: “How exposed is our global supply chain network? Which critical sites have the highest exposure in terms of revenue impact? Which types of events could potentially affect each site? Are appropriate business continuity plans in place to protect our operations?”
A collaboration between supply-chain-mapping company Resilinc and the University of Maryland’s Supply Chain Management Center and Earth Systems Science Interdisciplinary Center yielded interesting insights that can help answer these questions — at least as they pertain to the United States, China, and Taiwan.