BUSINESS WIRE
New automated risk projection scoring leverages applied meteorology and climate risk intelligence to forecast future risk into 2100
Everstream Analytics Launches Industry-First Supply Chain Capability: Climate Risk Scores
Abby O’Malley
Marketbridge
Everstream@marketbridge.com
Today, Everstream Analytics, the global supply chain insights and risk analytics company, announced the launch of a groundbreaking new supply chain risk capability, Climate Risk Scores. With this new capability, Everstream is the first in the industry to quantify the impact of leading climate indicators and project how identified risk will impact customer supply chains.
Expanding upon the unique weather and climate intelligence Everstream provides, Climate Risk Scores enable clients to apply eight new climate indicator risk projection scores to their facilities and supplier locations to forecast future climate risk and support business continuity. Integrated into Explore, Everstream’s strategic supplier risk assessment solution, Climate Risk Scores leverages data from the Intergovernmental Panel on Climate Change (IPCC) to project scores to varying locations using the following category indicators: tropical cyclone, river flood, sea level rise, heat, fire weather, cold, drought and precipitation.
“As temperatures and extreme weather events around the world continue to rise, businesses can no longer ignore the impact of climate change on their operations and suppliers,” said Jon Davis, Chief Meteorologist at Everstream Analytics. “We’ve consulted with the world’s largest brands on the top risk indicators impacting their operations, and we’re thrilled to bring this industry-first capability into Explore to automate access for all our clients. With pathways ranging from low to high impact, this capability further enables organizations to grasp the full spectrum of potential outcomes in real-time, make informed decisions and proactively mitigate risks.”
The Climate Risk Scores capability provides indicator risk projections for key natural disaster and weather risks into 2040, 2050 and 2100, offering several forecast scenarios at each juncture. The proactive planning tool can apply these insights to an organization’s systems via APIs, to directly incorporate climate projections and risk severity levels into your action systems for smarter decisions. Climate Risk scores offer insights into how these new operations may be affected, allowing organizations to make informed decisions and mitigate risks proactively.
“At Everstream, we have always been committed to providing our customers with innovative solutions that offer predictive intelligence and deliver resiliency into their supply chains. As organizations expand or onboard new suppliers, understanding potential production site vulnerabilities becomes paramount,” said Paige Cox, Chief Product Officer at Everstream Analytics. “We are proud to be the first in the industry to offer this indispensable capability that enables organizations to better secure their supply chain and avoid costly disruptions. This not only offers our clients a competitive edge, but also peace of mind that their business is prepared to thrive in a changing climate.”
To learn more about the Climate Risk Scores capability and climate-proofing your supply chain this winter, join Jon Davis, Chief Meteorologist, and Mark Russo, Chief Science Officer, on 11/6 for Everstream Analytics' Winter Weather Webinar. Register here: https://www.everstream.ai/events/climate-proof-your-supply-chain-webinar.
About Everstream
Everstream Analytics sets the global supply chain standard. Through the application of artificial and human intelligence and predictive analytics to its vast proprietary dataset, Everstream delivers the predictive insights and risk analytics companies need to see, understand, and act on supply chain risk. Everstream’s trusted solution integrates with procurement, logistics, and business continuity platforms generating the complete visibility, sharper analysis, and accurate predictions required to turn the supply chain into a business asset. To learn more, visit https://www.everstream.ai/.
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