Climate is a major risk amplifier for supply chains and building resilience into the supply chain should be a priority now and in the future. On this episode of the On Aon Insights podcast, host and Aon’s Chief Marketing Officer, Reinsurance Solutions, Alexandra Lewis, is joined by Aon’s Global Head of Climate Risk Consulting, William Bruce. They discuss how supply chains and climate risk are increasingly linked together and what strategies can be used to make supply chains more resilient in the face of climate risk.
- [1:00] The intersection of climate risk and supply chains
- [2:39] The need for organization changes when considering climate risk
- [3:55] Why resilience is key to success in all aspects of the supply chain
- [5:33] Steps to identify and increase supply chain resilience
- [6:15] Strengthen supply chains by including climate as a key factor
- [6:54] A recap of climate risk and supply chain strategies
Additional Resources:
El Niño and the Storm Brewing in Supply Chains
The Climate Crisis is Driving Supply Chains to Adapt
ESG Data: How Businesses Can Use Data to Gain an Edge
On Aon Insights Season 2, Episode 1: What Does “ESG” Really Mean?
On Aon Insights Season 2, Episode 2: Climate Science Through Academic Collaboration
Aon’s website
Tweetables:
- “Climate, when we think about it from a physical risk and from a transition risk perspective and all the other considerations, whether it's reputation or legal liability or anything like that, is an ever-evolving constant.” — William Bruce
- “We're never going to fully fix [climate] and it's always going to evolve and it's always going to change.” — William Bruce
- “Climate is a factor that is going to decrease and it's going to increase some of the existing risks that have already been identified.” — William Bruce
- “Assessing a supply chain’s exposure is the first step in building resilience.” — William Bruce
