Recent News

A discussion surrounding issues relating to food security

Climate Change

Posted by on Oct 20, 2012 in Recent News | 0 comments

Climate Change

The uncertainty of projections across diverse climate indicators presents obvious challenges for managing the risks of climate change impacts. At the same time it also seems to offer potential gains for those organisations that can create and implement an effective risk management framework that provides resilience to extremes. For Australia at least the following projections will challenge many in the food supply chain: • Increase in frequency of days over 35ºC by 2020. • Decrease in frequency of days below 0ºC by 2020. • Increases in intensity of heavy daily rainfall events, but...

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Black Swans

Posted by on Oct 20, 2012 in Recent News | 0 comments

Black Swans

Our food security project examines the implications of climate change impacts for risk management and measures the preparedness of food industry leaders for riskier operating scenarios including, but not limited to, the highly improbable and unpredictable events with massive impacts, named elsewhere as the ‘Black Swans’ (Taleb 2010). The ‘Black Swan’ event has three features. First, it is an ‘outlier’ observation (or possibly a group of outliers) with no past record pointing to it being a possibility. Second, it is associated with an extreme impact which may be positive (e.g....

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