Have you ever wondered why more major natural disasters seem to occur every year than in previous years? How about rising prices on things like food, clothing, and materials made from rubber? Paradoxically, unannounced to most of the world, natural disasters and rising prices go hand in hand. However, it is global warming that causes these natural disasters that affect businesses and the end result is that it also affects their consumers in one way or another. The book entitled GEO-5 for Business Impacts of a Changing Environment on the Corporate Sector, written by Grossman, David, explains how everything we consumers and companies buy has a main ingredient that comes from a natural resource, such as metal and cotton. Stockouts due to global warming affect businesses to get supplies, to meet consumer demands, and from there, it affects the vast majority of things within businesses. Therefore, in order for companies to meet the demands of their consumers, they need these natural resources to operate, produce, supply and market their products. However, all of these things start right at the base of the natural resources available for businesses to operate, such as electricity, timber, crops and water. Businesses depend on these resources to operate, the business sectors on which the book focuses are: building, construction, chemicals, electricity, extractives, finance, food and drink, healthcare, information and communication technologies, tourism and finally transport. Grossman states: “Similarly, climate impacts, resource scarcity and resulting changes in population migration could have broader system-level effects, destabilizing countries and… half the paper… and consumer relationships, if just prepare in advance. Grossman says it best: “Across every industry, and in myriad ways, the impacts of environmental change on businesses are numerous, material and imminent.” He then goes on to explain how companies that meet challenges and think ahead can prevent problems, “across many industries and geographies – they are gaining a competitive advantage by understanding environmental trends and taking action” (Grossman, D. p. 45 ). ReferencesGrossman, D (2013). GEO-5 for business impacts of a changing environment on the business sector. na: United Nations Environment Programme.Master, N., & Samiti, L. (2008, March 21). India Resource Center - Large protest calls for closure of Coca-Cola plant. A large protest calls for the closure of the Coca-Cola plant. Retrieved March 21, 2014, from http://www.indiaresource.org/news/2008/1034.html
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