Rising flood risks due to climate change affect 23% of the global population, especially in low and middle-income countries.
Key players in the food industry maintain resilience through risk modelling and engineering methods.
Sustainable farming and regenerative agriculture solutions emerge as key diversification sourcing strategies.
Climate change and unplanned urbanization in flood zones are likely to further drive up flooding risks and damages, which exacerbates vulnerabilities in global agri-food systems. The World Bank estimates that 1.81 billion people or 23% of the world population, mostly from low and middle-income countries, are directly exposed to significant flood risk (flood depths greater than 0.15 meters in a 1-in-100-year flood event). there is an urgent call for the food sector to adapt and implement mitigation strategies to build resilience against anticipated damages, prevent loss of livelihoods, and safeguard food security.
Flood Preparedness Measures
Top businesses leverage risk engineering to ensure that construction of their facilities will be resilient against floods, hurricanes, and storms. Costco uses flood barriers, raises building foundations, and implements watertight panels as precautionary measures. Similarly, Seven&iHoldings installed watertight panels in their stores to prevent flooding. In preparation for anticipated disasters, Walmart conducts facility walks, roof checks, and pre-stage resources and mobile generators in the expected path of the storm.
Supply Chain Resilience
Ahold Delhaize buys property damage and business interruption insurance for weather-related events to minimize financial losses. They prefer producers and cooperatives investing in greenhouses suitable for regenerative agriculture. AholdDelhaize and Costco reduce sourcing disruption risks by partnering with many producers and strategic partners in various locations, employing risk modeling to improve volume planning and supply chain resilience.
Sustainable Farming Practices
To combat climate threats, agricultural methods are adjusted to safeguard crops against increased flood, drought, and erosion risks. AholdDelhaizeBelgium sells zero-kilometer products from rooftop urban farms. Carrefour supports suppliers shifting to organic and humane farming. WoolworthsGroup engages in projects like RegenerativeManagementSystems in NewZealand and the AustralianSustainable Agriculture Initiative to identify effective regenerative practices for their supply chains.
Community-level Disaster Efforts
Walmart, Aldi, and WoolworthsGroup have actively participated in providing relief efforts, such as donations of food, funds, and essential supplies to communities affected by floods, storms, and hurricanes. WoolworthsGroup also financially support affected local growers to aid them in the recovery process. By working together with communities and non-profits, they contribute to supporting short- and long-term recovery, complementing public sector efforts.
FURTHER READING
Flood risk affects 1.81 billion people ( World Bank)