Rapid changes in weather patterns could lead to severe drought situations and water crises, which in turn could spark geopolitical and societal risks like mass involuntary migration and local or regional unrest. Ineffective management of the earth’s shared natural resources such as the atmosphere, high oceans etc. could have far-reaching local and global consequences.
Although the rise of populism presents a serious challenge to the global climate change agenda — especially in the United States — individual governments are likely to continue to drive stricter regulations to achieve their environmental control targets throughout 2017. Additionally, sustainability efforts by global corporations will grow as these efforts become well-established in their business strategies and are rewarded by consumers.
For a detailed discussion on the implications of climate change uncertainty on procurement and supply chain, download the Procurement Outlook 2017 report (Complimentary Access).