Everstream Analytics maps climate risks for resilient supply chains
As severe weather events and temperature extremes become more frequent, businesses face heightened risks that lead to costly delays, production halts, and logistical bottlenecks. To combat these threats, Everstream Analytics has introduced Climate Risk Scores. With the ability to map specific climate risks for facilities and suppliers, Everstream empowers companies to safeguard their supply chains proactively, making climate resilience a core business strategy.
Understanding climate risk scores and their relevance for modern supply chains
Everstream Analytics’ Climate Risk Scores give companies a clear assessment of potential climate-related threats to their supply chains. This innovative tool evaluates eight critical indicators, such as tropical cyclones, flooding, drought, sea level rise, and extreme temperatures. Climate Risk Scores equip companies with the data they need to assess, prepare for, and mitigate potential disruptions by analyzing climate risks at specific locations, such as manufacturing plants or supplier hubs,
The tool leverages extensive data from the Intergovernmental Panel on Climate Change (IPCC) to offer risk projections up to the year 2100. This long-term view allows businesses to integrate climate insights into their strategic planning, monitoring environmental vulnerabilities as they evolve.
Leveraging data to predict and mitigate supply chain climate risks
Everstream’s Climate Risk Scores use sophisticated data models and meteorology to project climate-related threats with precision. By drawing from the IPCC’s datasets, Everstream calculates risk levels for each climate indicator at any location. Through API integration, companies can import these projections directly into their supply chain management platforms, allowing them to visualize risks and anticipate specific impacts on facilities or transportation routes.
Integrating climate risk data supports agile, data-driven decisions. Manufacturers, for example, can adjust production schedules or inventory in response to projected flood risks. Similarly, logistics managers can optimize routes based on extreme weather forecasts, ensuring products reach their destinations without delay. By embedding these insights into everyday operations, companies can reduce the financial and operational impact of climate events.
Business continuity and resilience in an era of climate disruption
As climate events grow more frequent and severe, climate resilience has become essential for business continuity. Everstream’s Climate Risk Scores empower companies to evaluate suppliers’ vulnerabilities and assess the stability of key production sites. This awareness supports resilient planning, enabling companies to prioritize relationships with suppliers located in stable areas or with robust contingency plans.
Additionally, by forecasting risks over decades, companies can engage in long-term scenario planning. This enables businesses to adapt global supply chains to address evolving risks, such as drought conditions impacting agriculture or rising sea levels affecting port cities.
A forward-looking approach to supply chain sustainability
Everstream Analytics’ Climate Risk Scores support not only immediate risk mitigation but also align with sustainability and Environmental, Social, and Governance (ESG) goals. By integrating long-term climate projections, companies can make informed decisions that secure their supply chains while reducing their environmental impact. This approach to resilience is vital for businesses prioritizing sustainability and aiming to minimize emissions.
For companies prioritizing ESG goals, Everstream’s climate mapping offers vital insights for balancing supply chain stability with environmental responsibility. With increasing regulatory and market demands for climate risk transparency, tools like Climate Risk Scores equip businesses to make data-driven, sustainable choices that protect both their operations and the environment.
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