Effects of Climate change on Companies

            Many companies have greater ways of focusing on the climate changes and how they are influencing the businesses. In that situation, the retailer will have the best idea on what price they will be charged for the power and this will make them insulate the international and regional energy price spears.  Responding to climate can change the way in which a business operations.  The formal businesses are forms are known to be endangered in the markets where the renewable energy accounts for a greater part of the current generation.  On the positive way, the greener products are developing in a number of companies. The development and the infrastructure sectors are establishing new products and services that are found in the cleaner cities.  These services include electric vehicle charging organization, renewables addition, smart metering and high progress building techniques.  Thus in the business sectors mainly the selling and the customer products, innovative sectors are making inroads as people are making it real that they have the wish to pay for the greener products (Hoffman & Woody,2008).

             For instance, groceries are developing fast in America while the organic food business has also developed more in the past decades. This proofs the development of a main unit of customers in which the environmental awareness is a factor in which and what they trade for.  Climate change can also develop the demand of specific products and services including water management services and tools and the clothes that are used in chilly weather conditions.  Thus renewing of the generation of energy will be enticing businesses which are looking forward in developing their security in energy.  These climate changes can also make the farmers from the Northern to change into farming of other crops that they are not currently growing.  In some of these areas, they will have the benefit of an extensive farming season and this will increase the food products in the food markets (Hoffman & Woody, 2008). 

            Tourist business also develops due to the climatic change mostly during the warmer summer.  This brings to the extension of the tourist season which makes the tourists sites more gorgeous. The yards leisure facilities will also have more demand; this means that even an increase in rainfall will make the investing of the yard equipment more essential for a more alternate range of tourist activities.  This will ensure that business in the vacation and tourism sector will benefit from these chances.  The construction business will also benefit as people and their businesses will have the wish to alternate their locations to adapt the change in climate. This will lead to the increased demand of new and transformed sites and give chances for renovation, upkeep and clean-up contracts.  This will also give the opportunities of the establishment of new products and services in construction (Hoffman & Woody, 2008). 

             Businesses adapt these climatic changes by the acceptance of a sustainability approach whereby new products are made to lessen the waste and are broken down for the recycling process.  They should also outline company plans to support business benefits with the climate change vindication and alteration. For instance, Siemens Company has developed an environmental collection of the carbon effective products while the Saint Gobain which is a construction and packaging company has put efficient housing techniques at the core of its invention development plan.  Businesses that ignore climate change consequences are more likely to feel the risks. Those that recognize these risks put appropriate strategies in which they manage the climate change based risks. Thus these businesses will not only put themselves in a position that will drive away the challenge, but will overcome it (Great Britain, 2010).    

 

 

Reference

Hoffman, A. J., & Woody, J. G. (2008). Climate change: What's your business strategy? Boston, Mass: Harvard Business School Press.

Great Britain. & Great Britain. (2010). Adapting to climate change: EU agriculture and forestry: 8th report of session 2009-10. London: Stationery Office.