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Water Resources: The Next Big Business Risk

May 22, 2015 Leave a comment dridrive

Dam WaterAre you prepared for a spike in the demand for water? If not, your organization could be in trouble – dwindling supplies may lead to a 55% global increase in demand by 2050!

According to the Organization for Economic Cooperation and Development’s Global Risks report, businesses sharing water with communities, industries, farms, and other users, the risks of having the right quality and quantity of water could impact supply chain (causing storage disruptions, damaging stock, etc.), financial services, and other aspects of business worldwide.

The highest increase in demand are expected to come from:

  • Manufacturing (+400%)
  • Electricity (+150%), and
  • Domestic use (+130%)

To begin strengthening your resilience to water-related risks, PricewaterhouseCooper recommends three steps:

  • Identify how water-related risks will impact your operations and your growth strategies
  • Reduce and better manage your water use throughout your organization, and
  • Collaborate with partners for sustainable resilience practices.