Is it a threat to your business?
According to climatologists, there's a 75% to 80% chance that 2014 will be an El Niño year.
Traditionally, El Niño isn't seen as a serious threat to European businesses. However, it is a major concern for any multinational with interests in the emerging markets of South America, South Africa, Asia-Pacific and India. Effects range from drought to flooding.
This News Analysis looks at the climatic evidence, the likely impact on businesses within the affected region, and the effect on markets worldwide. There's also some good, practical advice for any organisation that operates in California.