Business on the Edge 2024

forefront of this crisis and have precious local understanding to support cost-effective and locally tailored solutions. Companies that fail to build resilience stand to lose their ability to compete, as the consequences of the crisis shift markets and fracture supply chains, degrading and stranding physical infrastructure and compromising lives and livelihoods. This report is the first of its kind and is mandatory reading for business leaders, boards, risk experts, strategists and investors seeking to understand emerging supply chain risks and best-in-class responses. It builds a bridge between the latest scientific evidence and the direct implications on business costs, supply chain risk and societal disruption. We outline clear actions to safeguard revenue, reduce maintenance and operating costs and protect workforces and local communities while supporting the ecosystems on which our economies and societies depend. The report builds on the findings of the World Economic Forum’s January 2023 white paper, Accelerating Business Action on Climate Change Adaptation, and its climate adaptation framework2 to enhance resilience, capitalize on opportunities and shape collaborative outcomes. Business on the Edge: Building Industry Resilience to Climate Hazards 4