• Climate risk and related weather volatility is one of the biggest problems facing businesses today. 
  • Weather volatility remains the least understood, the least measured, and the least acted upon factor affecting business performance.
  • Planalytics’ ML-based predictive demand analytics help clients enhance climate resilience and capitalize on the opportunities created by weather-driven changes in consumer purchasing.

 

 

 

  • Climate risk and related weather volatility is one of the biggest problems facing businesses today. 
  • Weather volatility remains the least understood, the least measured, and the least acted upon factor affecting business performance.
  • Planalytics’ ML-based predictive demand analytics help clients enhance climate resilience and capitalize on the opportunities created by weather-driven changes in consumer purchasing.

 

 

 

 

 

In the retail industry alone, changes in the weather directly affect over 3%, or about $1 trillion, of total global sales each year.

Given the financial impact, proactively managing weather volatility and its impacts deserves to be at the top of a retailer’s climate agenda. Severe weather events and the variability of day-to-day weather are only intensifying with climate change, and this affects every critical aspect of retail, from revenue, costs, and margins to digital engagement, customer experience, and sustainability.

Climate-Proofing Retail, a white paper the National Retail Federation (NRF) co-authored with Planalytics, explores how the climate is changing at the fastest pace in history and how retailers can address the opportunities and challenges presented by increasing weather volatility.