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Member, Beacon International Group, Ltd.
Zurich Insurance Group Ltd. has said in a recent white paper that water scarcity is a growing risk for global businesses, reports Asia Insurance Review.
Businesses face different risks such as supply chain and business interruptions, increased costs, political risk and tougher regulations due to water scarcity. "While agriculture is, by far, the largest water user, this exposure can affect all types of businesses, including food and beverage companies, chemical companies and manufacturers, to name a few," said James Breitkreitz, an official at Zurich.