Report on Supply Chain Compliance 2, no. 23 (December 12, 2019)
Extreme and unpredictable events can have a devastating effect on supply chain management and business operations. According to two separate reports released during the end of November and beginning of December, extreme environmental effects and impacts are likely to increase in frequency in the near future.
The “Emissions Gap Report 2019,”[1] released by the United Nations Environment Programme, found that:
The summary findings are bleak. Countries collectively failed to stop the growth in global GHG [greenhouse gas] emissions, meaning that deeper and faster cuts are now required. However, behind the grim headlines, a more differentiated message emerges from the ten-year summary. A number of encouraging developments have taken place and the political focus on the climate crisis is growing in several countries, with voters and protestors, particularly youth, making it clear that it is their number one issue. In addition, the technologies for rapid and cost-effective emission reductions have improved significantly.
Another report, “WMO Provisional Statement on the State of the Global Climate in 2019,”[2] released by the World Meteorological Organization, found that climate change has led to increased extreme weather which causes “… conflicts, insecurity and economic slowdowns and downturns.”