Notes on a Proposal
After you have read the article below and considered how projected changes will affect your field, explain briefly how an institution in your field could creatively and productively address these anticipated climate change-related issues? (300-500 words.) The following article from Columbia University summarizes and provides examples of how various industries are projected to be affected: https://blogs.ei.columbia.edu/
Answer preview
The projected climate changes will affect various fields such as businesses and the financial market (Cho, 2019). An institution within this field can apply various strategies to creatively and productively address climate change-related issues. It is critical to set clear policies, adequate finances, and management incentives to practice sustainability. Supply chain managers within the organization must run the physical and operational risks pertaining to climate change. The organization should engage in risk mitigation that extends the current year horizon. For example, if the existing plan covers a 5-year plan, it can be adjusted to long-term changes such as 20 years. This tactic will promote geographical diversification that will address climate change issues relating to raw materials. Adverse climatic changes such as floods and drought may impact the availability of raw materials for production. Through
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