Some firms face potential losses of up to 20%
print icon WHEN Hurricane Maria swept away most of Puerto Rico’s thriving pharmaceuticals sector in 2017, the building belonging to Mylan, a drugmaker which works with FM Global, was one of the few in its neighbourhood left intact. A strengthened roof had withstood 150mph winds. Mylan kept churning out medicines and FM Global was spared a big payout. Nature has always disrupted business. But global warming is making the task of dealing with it more urgent.
Hotter, more humid days imperil the productivity both of employees and equipment such as that in data centres. It is not only storms and floods that are a threat. Climate change is also responsible for a lack of water where it is needed. Last summer low levels on the Rhine grounded barges that BASF, a German chemicals giant, uses to ferry its products. Get our daily newsletter Upgrade your inbox and get our Daily Dispatch and Editor's Picks. There is reason to be concerned.
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