Updated: Feb 11, 2021
Supply chains have become complex global networks, often with specialized inputs produced in specific locations with reduced inventories.
It is within this context that supply chains face growing climate risks, both from the physical impacts caused by climate change and from the transition to a low-carbon economy. These risks directly affect the cost, quality, timeliness, and certainty of supply chain production.
The EU mentions that the transport industry alone is responsible for 24% of the EU greenhouse gas emissions in 2016.
So all the players from the entire supply chain are facing a double challenge: they need to lower their carbon footprint by 2050, while, at the same time, they have to boost their competitiveness – taking into account that this sector represent an important share of GDP and jobs in Europe.