Afternoon Coffee: Companies not Prepared for Weather-Related Supply Disruptions, Rumors of a Long Brexit Transition

Even though the number of supply chain disruptions from extreme weather have increased by 29% since 2012, many companies are falling short in their efforts to plan for and assess the risks of these incidents. As the Wall Street Journal writes, a new report from Zurich Insurance Group and the Business Continuity Institute found that “many large corporations are not checking out their most important and strategic supplier locations and understanding what the risks are there to catastrophic weather events.”

A Long Brexit 

Reuters is reporting that British finance minister Philip Hammond told the board of Goldman Sachs he is pushing for a lengthy transition period after the U.K. leaves the European Union. Some have expressed fears that a longer Brexit could water the process down or even block the country’s exit from the bloc. 

Food Waste

To confront the ever-increasing pile of food waste, researchers from ASU’s W. P. Carey School of Business are using funding from the Department of Agriculture to start two new initiatives, according to a press release.

“In Arizona and around the country 18 percent of landfills is food waste, according to the EPA - and that may be a conservative number,” says Richards, Marvin and June Morrison Chair in Agribusiness at the W. P. Carey School. “If we can figure out a way to better utilize food that would otherwise be wasted we can minimize what goes into our landfills and more importantly make better use of the water that’s used to irrigate plants, saving 25 percent of our freshwater supply each year.”

Coffee Prices 

And finally, a commodities update: Coffee prices have been “sleepy” this year, according to Bloomberg, but the increasing popularity of cold brew, which uses twice as much grounds to produce the beverage, may create enough coffee demand to give prices a jolt.

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