Published: 22 January 2024
Summary
Climate disruptions most strongly impact supply chains, but CSCOs struggle to create urgency for adaptation. CSCOs must educate and engage stakeholders across the organization on the risks to business sustainability and identify opportunities to factor climate impacts into investment decisions.
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Overview
Key Findings
Climate change is increasing the rate of disruptive events in the supply chain; however, the 2023 Gartner Balancing Sustainability and Resilience Survey showed that 64% of supply chains are deprioritizing sustainability initiatives when disruption occurs.
According to the2022 Gartner Emerging Priorities in Supply Chain Survey, 45% of businesses conduct risk assessments to evaluate climate change’s implications for their supply chain. However, risk assessments are often siloed and conducted in isolation, an approach that limits risk assessment inputs and results in blind spots and limited tactical action.
The top barriers to planning for climate change in the supply chain include
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