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30 January 2024 / Article
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Copy LinkSevere weather affects a range of consumer spending behaviors, according to the 2,061 respondents to The Conference Board-Harris Poll Sustainability Insights Survey. These events impact a range of sectors, in positive and negative ways, including utilities, grocery, food services, home remodeling, travel, transportation, clothing, home and car insurance, and even medical services.
Companies may want to assess how various types of extreme weather events could affect their business. This includes not only the impact on customer behavior but also the behavior of employees, suppliers, and other business partners. Apart from considering negative impacts to manage, companies should also consider the opportunities.
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