📊Executive Summary

The article discusses the significant impact of natural disasters on global supply chains, particularly highlighting the 2011 floods in Thailand. These floods disrupted the operations of major electronics and automotive manufacturers, including Western Digital, Toyota, Honda, and Nissan, leading to substantial shipment losses and production halts. The research emphasizes the importance of supply chain resilience and preparedness in mitigating risks associated with climate disasters. Companies that diversified their supply chains, like Nissan, were able to recover more quickly compared to those that relied heavily on traditional supplier networks. This underscores the need for procurement teams to evaluate their sourcing strategies and consider risk management practices in light of potential natural disasters....