Climate Change and Its Economic Impact on Global Supply Chains in Hong Kong

Abstract

The interconnected nature of global supply chains means that climate change poses significant risks to economies worldwide, with Hong Kong being a critical hub in this network. This paper examines the economic impact of climate change on global supply chains with a specific focus on Hong Kong. It begins by analyzing how extreme weather events, rising sea levels, and shifting climate patterns disrupt supply chain logistics and infrastructure in the region. The study employs a combination of quantitative data and qualitative case studies to assess the direct and indirect economic effects, including increased costs, supply chain interruptions, and potential shifts in trade patterns. Additionally, the paper explores the adaptive measures and policy responses that Hong Kong has implemented to mitigate these impacts. By synthesizing findings from various sectors, this research provides a comprehensive understanding of how climate change is reshaping global supply chains and offers insights into strategies for enhancing resilience and sustainability in a key global trading center