All over the globe, extreme-weather events are fast evolving from a relatively rare occurrence to something that should be built into the risk profile of any manufacturer. In fact, they ranked third on the World Economic Forum’s Global Risks Report for 2021 in terms of “clear and present dangers” likely to emerge in the next two years. One of the biggest potential impacts of these events is on the power grid. In the US, wildfires, extreme cold snaps, hurricanes, earthquakes and flash floods all pose a risk to supply—and in turn, to manufacturers’ bottom line.
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