Climate change is no longer a distant concern, but it is in fact a concerning reality that is disrupting businesses, transportation and communities worldwide. The challenges for global supply chains have never been greater due to frequent hurricanes and floods as well as rising temperatures and droughts. This is a reason for the recent recognition of Everstream Analytics as the 2024 Top Tech Startup for its Climate Risk Scores innovation.
Everstream Analytics has come up with solution to a growing problem and it is the Climate Risk Scores. It stands out as the first tool to quantify the impact of climate indicators on supply chains. It make use of data of Intergovernmental Panel on Climate Change (IPCC) and provides businesses with projections of risks.
Everstream Analytics CEO Corey Rhodes captured the urgency of the moment perfectly. He said that the world has witnessed devastating weather events in 2024 like Hurricane Milton and Hurricane Helene.
The award also reflects the broader impact of artificial intelligence in reshaping industries. Nearly half of the winners in the Top Tech Startup category this year operate in the AI space.
The logistics industry is often considered the backbone of the global economy. It faces significant hurdles like cost inefficiencies and lack of transparency. Innovations like that of Everstream address the issues and also pave the path for a more resilient as well as sustainable future. Marina Mayer, Editor-in-Chief of Food Logistics and Supply & Demand Chain Executive, said that startups like Everstream are setting the benchmark for transformation in the supply chain space.
