Ranking the Impact of Climate Variability on UK Retail Sectors: A Path to Resilience

40 Pages Posted: 19 Oct 2015 Last revised: 24 Oct 2015

See all articles by Jean-Louis Bertrand

Jean-Louis Bertrand

ESSCA School of Management

Miia Parnaudeau

ESSCA School of Management

Date Written: October 19, 2015

Abstract

Every day, people make economic decisions based on the weather. Indeed, the seasonal cycles of weather purchases are well-documented and accounted for by supply chain managers and sales executives.

Likewise, the effect of weather variability from expected seasonal weather on the sales, inventories, supply chains and operating costs of companies is significant. Although there is a growing literature on weather and economics, there are very few scientific contributions that formally link the effects of unseasonal weather on retail sales. For the UK retail sales market in particular, there is only one research study, limited to one anomalours (or severe) weather event in the UK twenty years ago (the heatwave of summer 1995).

In this paper, our objective is to statistically analyze how climate variability affects UK retail sales, to rank UK retail categories as a function of their sensitivity to weather risk, and to model the impact of climate variability to understand the level of resilience of UK retail sales to climate variability.

Keywords: Climate Variability, UK retail sector, Ranking

Suggested Citation

Bertrand, Jean-Louis and Parnaudeau, Miia, Ranking the Impact of Climate Variability on UK Retail Sectors: A Path to Resilience (October 19, 2015). Available at SSRN: https://ssrn.com/abstract=2675965 or http://dx.doi.org/10.2139/ssrn.2675965

Jean-Louis Bertrand

ESSCA School of Management ( email )

1 rue Joseph Lakanal
BP 40348
Angers Cedex, 49003
France

Miia Parnaudeau (Contact Author)

ESSCA School of Management ( email )

1 rue Joseph Lakanal
BP 40348
Angers Cedex, 49003
France

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