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The Economic Times
The Economic Times
Business

Saving supply chains from climate shocks is a lure for investors

On the tarmac of Kuala Lumpur International Airport, a cargo of drugs on their way to a clinical trial were warming in the rising afternoon sun. At risk of being spoiled, a newly installed tracker that monitors temperature, humidity and location, alerted the pharmaceutical company in real-time about the threat.

The intervention earlier this month is an example of how nascent technology can help protect the world’s $35 trillion global trade system, not just from geopolitical disruption and human error, but also from an increasingly unpredictable climate.

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