Companies are modifying operations to mitigate impacts from extreme weather, including moving utility substations and adding redundant production lines. In short:Major utilities are relocating substations to avoid rising waters and wildfires, while manufacturers are setting up backup production lines. TPC and other businesses are increasing inventories and diversifying locations to ensure continuous operations during severe weather. Airlines and investment firms are also adjusting to climate risks, with airlines anticipating more turbulence and investment firms stress-testing portfolios for climate resilience. — Dan Brumlik, TPC co-chairmanWhy this matters:Climate change is prompting businesses to rethink operational strategies to maintain reliability and profitability.

Source: Washington Post July 26, 2024 16:46 UTC