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Effect of Climate Change on the Manufacturing Sector

Effect of Climate Change on the Manufacturing Sector
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Author(s): Zwelihle Wiseman Nzuza (Durban University of Technology, South Africa)
Copyright: 2021
Pages: 14
Source title: Handbook of Research on Climate Change and the Sustainable Financial Sector
Source Author(s)/Editor(s): Odunayo Magret Olarewaju (Durban University of Technology, South Africa)and Idris Olayiwola Ganiyu (York St John University, United Kingdom)
DOI: 10.4018/978-1-7998-7967-1.ch028

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Abstract

The challenge of climate change in the world has hitherto perplexed scholars and professionals, with reports of climate change not sparing the manufacturing sector. All countries are most vulnerable to this threat and will suffer greatly if no action is taken. In the 21st century, scientists have confirmed with great concern the severe weather conditions that are expected to become harsher. The aim of the chapter is to explore the effect of climate change on the manufacturing sector. Literature has been used as a source of secondary data. The effect of climate is examined from five major business strategic positions: productivity, business risk, goods and services, chemicals and minerals, natural resources, and buildings. The chapter also covers the need for manufactures to adapt to climate change with various possible actions that can be taken by the sector against climate impacts on business. Continuous staff and management training and education on climate change is recommended.

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