MGPO 440 Lecture Notes - Lecture 4: Precautionary Principle, Seat Belt, Kpmg

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Its very hard for us to comprehend the risks of rising sea levels. = it is difficult to think abt risk. Real estate developers are betting on the ignorance of rich people that don"t know abt flood risks. Thailand: place where supply chain starts for many companies: flood of 2014 created disruptions. Many ppl are talking abt the risks to expect with global warming (kpmg) According to the risk report: one of the biggest risk = climate change ( 29 risks in total) Perception of risk and actual risk are very different (shark perception vs. very few fatal accidents by shark a year! Or taking the care is actually way more risky ) Water risk monetizer: incorporate water risk in b decisions. Types of risk related to sust: operating risk : water risk monetizer: incorporate water risk in b decisions, new normal risk: agricultural patterns, immigration trends.

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