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SUMMARY:Climate Change and Adaptation in Global Supply-Chain Networks
DTSTART:20221209T103000
DTEND:20221209T120000
DTSTAMP:20260510T135107Z
UID:75a40efcf32ec1df1f03b4a6a6ed1b7602672c1c0065414bf4b914a3
CATEGORIES:Conferences - Seminars
DESCRIPTION:Nora M. Pankratz - The Fed\nThis paper examines how physical c
 limate risks affect firms’ financial performance and operational risk ma
 nagement in global supply-chains. We document that weather shocks at suppl
 ier locations reduce the operating performance of suppliers and their cust
 omers. Further\, customers respond to perceived changes in suppliers’ cl
 imate-risk exposure: When realized shocks exceed ex-ante expectations\, cu
 stomers are 6-11% more likely to terminate existing supplier-relationships
 . Consistent with models of experience-based learning\, this effect increa
 ses with signal strength and repetition\, is insensitive to long-term clim
 ate projections\, and increases with industry competitiveness and decrease
 s with supply-chain integration. Customers subsequently choose replacement
  suppliers with lower expected climate-risk exposure.\n 
LOCATION:UniL Campus\, Room Extra 126
STATUS:CONFIRMED
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