Modelling Cascading Physical Climate Risk in Supply Chains with Adaptive Firms: A Spatial Agent-Based Framework

1. 1Integrate geospatial flood hazards with agent-based models of firms and households
2. 2Simulate direct asset losses and indirect disruptions through economic networks
3. 3Implement firm adaptation through capital hardening and backup-supplier diversification
4. 4Analyze simulation results to inform climate risk management strategies

Data scientists, AI engineers, and researchers on a team can benefit from this framework to simulate and analyze climate risk in supply chains, and product managers can use the insights to inform business decisions

💡 Adaptive firms can mitigate climate risk through capital hardening and backup-supplier diversification

💡 Model climate risk in supply chains with adaptive firms using spatial agent-based framework