IDEAS home Printed from https://ideas.repec.org/a/bla/bstrat/v23y2014i4p272-288.html
   My bibliography  Save this article

The Impact of Climate Change on the Pattern of Demand for Bottled Water and Non‐Alcoholic Beverages

Author

Listed:
  • S. Mirasgedis
  • E. Georgopoulou
  • Y. Sarafidis
  • K. Papagiannaki
  • D. P. Lalas

Abstract

To date, the majority of the research literature on the impacts of climate change has addressed the negative aspect, i.e. the risks associated with a future permanent modification of climate. Potential opportunities have received much less attention and are rarely transformed into monetary values. Furthermore, manufacturing is one of the economic sectors where the influence of climate change remains practically unknown, although the economic performance of some industrial activities depends directly on climatic conditions – bottled water and non‐alcoholic beverages (i.e. soft drinks and fruit juices) are among these. This paper aims to explore the link between weather and product sales in these sectors, and estimate in quantitative terms the potential impact of future climate change on their revenues. Historic data were explored through statistical analysis and appropriate regression models were developed. Models were applied for the historic (1961–90) and future climate (2021–50) and the difference in sales forms the expected quantified impact of climate change. The results indicate that significant opportunities may arise for some sectors from modifications in climate, provided their production infrastructure can meet the expected demand and their management strategies can successfully adapt to altered climatic conditions. Copyright © 2013 John Wiley & Sons, Ltd and ERP Environment.

Suggested Citation

  • S. Mirasgedis & E. Georgopoulou & Y. Sarafidis & K. Papagiannaki & D. P. Lalas, 2014. "The Impact of Climate Change on the Pattern of Demand for Bottled Water and Non‐Alcoholic Beverages," Business Strategy and the Environment, Wiley Blackwell, vol. 23(4), pages 272-288, May.
    • Handle: RePEc:bla:bstrat:v:23:y:2014:i:4:p:272-288
    DOI: 10.1002/bse.1782
    as

    Download full text from publisher

    File URL: https://doi.org/10.1002/bse.1782
    Download Restriction: no
    File URL: https://libkey.io/10.1002/bse.1782?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Ramanathan, Usha & Muyldermans, Luc, 2010. "Identifying demand factors for promotional planning and forecasting: A case of a soft drink company in the UK," International Journal of Production Economics, Elsevier, vol. 128(2), pages 538-545, December.
    2. Monika Winn & Manfred Kirchgeorg & Andrew Griffiths & Martina K. Linnenluecke & Elmar Günther, 2011. "Impacts from climate change on organizations: a conceptual foundation," Business Strategy and the Environment, Wiley Blackwell, vol. 20(3), pages 157-173, March.
    3. Murray, Kyle B. & Di Muro, Fabrizio & Finn, Adam & Popkowski Leszczyc, Peter, 2010. "The effect of weather on consumer spending," Journal of Retailing and Consumer Services, Elsevier, vol. 17(6), pages 512-520.
    4. Jiang, Yingni, 2010. "Generation of typical meteorological year for different climates of China," Energy, Elsevier, vol. 35(5), pages 1946-1953.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Bertrand, Jean-Louis & Parnaudeau, Miia, 2019. "Understanding the economic effects of abnormal weather to mitigate the risk of business failures," Journal of Business Research, Elsevier, vol. 98(C), pages 391-402.
    2. Bertrand, Jean-Louis & Brusset, Xavier & Chabot, Miia, 2021. "Protecting franchise chains against weather risk: A design science approach," Journal of Business Research, Elsevier, vol. 125(C), pages 187-200.
    3. Arunraj, Nari Sivanandam & Ahrens, Diane, 2015. "A hybrid seasonal autoregressive integrated moving average and quantile regression for daily food sales forecasting," International Journal of Production Economics, Elsevier, vol. 170(PA), pages 321-335.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Å tulec, Ivana & Petljak, Kristina & Naletina, Dora, 2019. "Weather impact on retail sales: How can weather derivatives help with adverse weather deviations?," Journal of Retailing and Consumer Services, Elsevier, vol. 49(C), pages 1-10.
    2. Ivana Štulec, 2017. "Effectiveness of Weather Derivatives as a Risk Management Tool in Food Retail: The Case of Croatia," IJFS, MDPI, vol. 5(1), pages 1-15, January.
    3. Martina Linnenluecke & Andrew Griffiths & Peter Mumby, 2015. "Executives’ engagement with climate science and perceived need for business adaptation to climate change," Climatic Change, Springer, vol. 131(2), pages 321-333, July.
    4. Ming, Yaxin & Deng, Huixin & Wu, Xiaoyue, 2022. "The negative effect of air pollution on people's pro-environmental behavior," Journal of Business Research, Elsevier, vol. 142(C), pages 72-87.
    5. Laura M. Canevari‐Luzardo & Frans Berkhout & Mark Pelling, 2020. "A relational view of climate adaptation in the private sector: How do value chain interactions shape business perceptions of climate risk and adaptive behaviours?," Business Strategy and the Environment, Wiley Blackwell, vol. 29(2), pages 432-444, February.
    6. Bertrand, Jean-Louis & Brusset, Xavier & Fortin, Maxime, 2015. "Assessing and hedging the cost of unseasonal weather: Case of the apparel sector," European Journal of Operational Research, Elsevier, vol. 244(1), pages 261-276.
    7. Huber, Jakob & Stuckenschmidt, Heiner, 2020. "Daily retail demand forecasting using machine learning with emphasis on calendric special days," International Journal of Forecasting, Elsevier, vol. 36(4), pages 1420-1438.
    8. Stefan Lamp, 2023. "Sunspots That Matter: The Effect of Weather on Solar Technology Adoption," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 84(4), pages 1179-1219, April.
    9. Jorge Rivera & Viviane Clement, 2019. "Business adaptation to climate change: American ski resorts and warmer temperatures," Business Strategy and the Environment, Wiley Blackwell, vol. 28(7), pages 1285-1301, November.
    10. Li, Honglian & Huang, Jin & Hu, Yao & Wang, Shangyu & Liu, Jing & Yang, Liu, 2021. "A new TMY generation method based on the entropy-based TOPSIS theory for different climatic zones in China," Energy, Elsevier, vol. 231(C).
    11. Graça, Paula & Camarinha-Matos, Luís M., 2017. "Performance indicators for collaborative business ecosystems — Literature review and trends," Technological Forecasting and Social Change, Elsevier, vol. 116(C), pages 237-255.
    12. Li, Chong & Zhou, Dequn & Wang, Hui & Lu, Yuzheng & Li, Dongdong, 2020. "Techno-economic performance study of stand-alone wind/diesel/battery hybrid system with different battery technologies in the cold region of China," Energy, Elsevier, vol. 192(C).
    13. George Halkos & Antonis Skouloudis & Chrisovaladis Malesios & Konstantinos Evangelinos, 2018. "Bouncing Back from Extreme Weather Events: Some Preliminary Findings on Resilience Barriers Facing Small and Medium‐Sized Enterprises," Business Strategy and the Environment, Wiley Blackwell, vol. 27(4), pages 547-559, May.
    14. Mkaddem, Chamseddine & Mahjoubi, Soufiane, 2022. "Climate change and its impact on water consumption in Tunisia: Evidence from ARDL approach," MPRA Paper 115658, University Library of Munich, Germany, revised Dec 2022.
    15. Liyuan Zheng & Ling Ye & Mengjiao Wang & Yingdi Wang & Haiwei Zhou, 2022. "Does Water Matter? The Impact of Water Vulnerability on Corporate Financial Performance," IJERPH, MDPI, vol. 19(18), pages 1-19, September.
    16. Andrew S. Mitchell & Mark Lemon & Wim Lambrechts, 2020. "Learning from the Anthropocene: Adaptive Epistemology and Complexity in Strategic Managerial Thinking," Sustainability, MDPI, vol. 12(11), pages 1-16, May.
    17. Timo Busch, 2020. "Industrial ecology, climate adaptation, and financial risk," Journal of Industrial Ecology, Yale University, vol. 24(2), pages 285-290, April.
    18. Bradlow, Eric T. & Gangwar, Manish & Kopalle, Praveen & Voleti, Sudhir, 2017. "The Role of Big Data and Predictive Analytics in Retailing," Journal of Retailing, Elsevier, vol. 93(1), pages 79-95.
    19. Pedro Cisterna-Osorio & Sergio Quijada-Vera & Daniela Ruiz-Duran & Rodrigo Peirano-Cuevas & Pamela Ortiz-Briones, 2020. "First Results: Innovative Solar Disinfection Technology for Treated Wastewater that Integrates Materiality, Geometry, and Reflective Panels," IJERPH, MDPI, vol. 17(18), pages 1-15, September.
    20. Pii‐Tuulia Nikula, 2022. "Beyond compliance – Voluntary climate mitigation by New Zealand firms," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 29(5), pages 1456-1464, September.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:bstrat:v:23:y:2014:i:4:p:272-288. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://onlinelibrary.wiley.com/journal/10.1002/(ISSN)1099-0836 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.