29.12.2008 - Commodity costs expected to soar from climate change
From Businessmirror.com: After the global economic meltdown, extreme weather events rooted on climate change will drive up costs of certain commodities including oil and rice, endangering the bottom lines of companies and the pockets of millions of consumers by 2018, according to a publication recently released by international think tank A.T. Kearney Inc. According to the study, titled “Rattling Supply Chains: The Effect of Environmental Trends on the Fast Moving Consumer Goods Industry,” which assessed certain commodities, prices can increase up to 45 percent and cut earnings before interest and taxes by as much as 47 percent by 2018..... Full Article: Source