Reading this as a non engineer… brings me to questioning my engineering friends and network If advances in the recent years in #additivemanufacturing and #digitaltwin can have an impact in reducing this potential forecasted disruption. Is it an opportunity for #3dprinting to have positive impact like we saw during Covid with PPE?
An El Ni?o weather event has been developing in the second half of 2023. #ElNi?o describes a natural phenomenon where the surface temperature of the central Pacific Ocean rises above average. This changes climate patterns and leads to drier conditions in some geographies and wetter conditions in others. A variety of #agricultural #commodities will likely come into short supply in the next 12-18 months. Demand for these commodities will evolve as usual, leading to higher prices and affecting industries that rely on these inputs. Electricity generation is also likely to be impacted in areas where hydropower is commonly used, impacting #economic activity and manufacturing output. Although El Ni?o tends to peak in November to February, the implications for food inflation, fiscal budgets, monetary policy, GDP, and trade last longer. In the countries directly affected by El Ni?o events, central banks will need to keep policy rates higher for longer to combat more-persistent inflation, keeping government borrowing costs elevated. Discover more >> https://ow.ly/Bonl50Qgkto #SeekandProsper