Climate Risk: Logistics & Industrial Global Outlook

RISK CLIMATE LOGISTICS& INDUSTRIAL

GLOBALOUTLOOK

HAZARDRISKSARE RISINGGLOBALLY PRESENT & FUTURE CHANGE “ALL HAZARD” RISKS

Taking a high-level view, it is evident that climate risks in aggregate are forecast to increase into the future. From a regional perspective, current risk exposures are highest in Asia Pacific and parts of the U.S., while they are lower across most, though not all, of Europe. Looking to future state, all sub-markets analysed are forecast to experience increased risks exposures – some off a high base and others off a much lower base. Of course, there is considerable nuance and granularity below these high-level trends. A market that already experiences significant heat events getting hotter may not be as impactful as a more temperate location having an increase in heat stress events. Similarly, an increase in flooding depths will have different implications depending upon current flooding levels and mitigation strategies in place. In recognition of this, in the following analysis we take a more granular approach to highlight the variation in exposure levels for some hazards within and between sub-markets. Ultimately this reinforces the need for an asset level understanding of key risks and potential management strategies.

IMPROVING << CHANGE >> WORSENING

LOW

<< CURRENT EXPOSURE >>

HIGH

EUROPE SUBMARKETS

U.S. SUBMARKETS

APAC SUBMARKETS

CLIMATE RISK: LOGISTICS & INDUSTRIAL GLOBAL OUTLOOK

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CUSHMAN & WAKEFIELD