The strongest El Niño since 1950?

Bracing business for impact

Businesses worldwide should brace themselves for a possible rise in extreme weather related risks, as meteorologists forecast the strongest El Niño phenomenon since 1950.

Expected to peak in the coming months due to westerly wind anomalies, the El Niño is likely to disrupt global markets for staples such as rice, coffee and sugar, exacerbating conflict in countries already suffering from political instability.

Risk managers are advised to use tools such as satellite imagery and big data to anticipate where drought, fire or flood is likely to occur and plan for resilience.