How the 2024 Hurricane Season Will Impact Global Supply Chains

Over the past decade, there has been a significant increase in extreme weather disruptions, and this upcoming hurricane season is expected to be an active one for global supply chains. Due to La Niña in the Pacific Ocean and warmer ocean temperatures, early forecasts predict a potentially supercharged 2024 hurricane season. There is a 75% chance that La Niña could arrive during the heart of the hurricane season. Storm surges can cause flooding, submerge entire areas, and cause structural damage, which can stop factory production, warehouse shipments, and more. During this disruption, transportation is halted, and strong winds can lead to power and communication outages that impact suppliers or sites in high-risk areas.