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Posts Tagged ‘risk management’

Not a day goes by, without yet another report on the growing risks posed by the increasing scarcity of water. Today’s report is from the Pacific Institute: Water Scarcity & Climate Change: Growing Risks for Businesses & Investors and CERES.

Taking agriculture/food, the sector of interest to me, the applicable risks fall as follow:

Physical Risks Reputational Risks Regulatory Risks

water-risks_food-sector_ceres-study

Growers are going to need all the help they can get to adapt to more and more unpredictable water supply and weather patterns. Not one but a combination of strategies will be required to mitigate risk. Prediction models, risk management tools, sensing networks, smart irrigation scheduling systems, efficient water pricing and delivery, accurate water tracking, incentives for the installation of smart water management infrastructure,   all will have a part to play. And it will take the collaboration of federal, state, business, and private land owners to make it happen.

If you want to assess your company’s exposure to water risk, you can start here.

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