Protecting Supply Chains With Climate Risk Modeling
Protecting Supply Chains with Climate Risk Modeling | Interview with Steve Pochansky of PwC US
In this insightful episode, Bob Bowman talks with Steve Pochansky, Climate Risk Modeling Leader at PwC US, about how organizations are using climate risk modeling to safeguard global supply chains in the face of increasing extreme weather and climate-related disruptions.
Steve explains the science behind climate risk modeling, how it differs from weather forecasting, and how companies can apply it to assess vulnerabilities, assign risk scores, and even translate potential disruptions into financial terms. From predicting the long-term impact of climate scenarios to evaluating infrastructure at a GPS-coordinate level, this conversation dives into the state-of-the-art tools and strategies being used today.
💡 Topics covered include:
What is climate risk modeling and how it works
Applying models to supply chains, ports, and transportation routes
Using AI to enhance predictions and manage massive datasets
How companies can turn climate data into actionable business insights
Real-world examples of climate disruption, like a major auto manufacturer’s aluminum shortage
Planning for 5, 10, or even 30 years into the future to build resilience
This is a must-watch for supply chain professionals, sustainability leaders, and anyone interested in climate adaptation and business resilience.
⏱️ Jump to the section that interests you most:
00:00 – Intro
00:07 – What is Climate Risk Modeling?
01:25 – Climate Modeling vs. Weather Prediction
02:40 – Understanding the Science Behind Climate Risk
04:30 – How It’s Applied to Supply Chains
06:00 – Assigning Risk Scores to Global Assets
08:00 – Turning Risk into Financial Impact
09:50 – Time Horizons: 5, 15, and 30-Year Planning
12:00 – Real Example: Orange Crops & Climate Change
13:30 – Scenario Planning vs. Precision Forecasting
15:10 – AI & Advanced Analytics in Climate Modeling
17:20 – Resilience vs. Rising Costs: Finding the Balance
19:00 – Case Study: Auto Manufacturer’s Supply Disruption
21:00 – Flood Risk Modeling at GPS-Level Detail
22:30 – Final Takeaways from PwC’s Steve Pochansky
💬 Let us know your thoughts below! What steps is your company taking to future-proof against climate risk?