Key Takeaways:
- Innovative Forecasting Tool: ClimateAi introduces ClimateLens Monitor Yield Outlook, a solution providing climate-driven yield forecasts for major crops.
- Addressing Climate Volatility: The tool aims to mitigate the impact of extreme weather on global food supply chains.
- Strategic Insights: Offers detailed insights into climate factors affecting crop yields, enhancing decision-making for businesses and governments.
- Expertise and Experience: Built on over six years of specialized weather forecasting and agronomic risk assessment.
- Enhanced Market Responsiveness: Enables more timely and effective responses to changing market conditions due to climate impacts.
Overview of ClimateLens Monitor Yield Outlook
ClimateAi, a pioneer in climate resilience through advanced machine learning, has publicly launched its latest product, ClimateLens Monitor Yield Outlook. This new offering delivers precise, climate-driven yield forecasts for key commodity crops such as corn, potato, canola, oats, hops, soybeans, sorghum, wheat, and barley. It also provides critical insights into the climate variables contributing to yield variability.
Impact of Climate on Agriculture
Recent extreme weather events have severely disrupted food and agriculture supply chains, exemplified by soaring cocoa prices due to drought in South Africa and declining soybean yields in the Midwestern US and South America. Such disruptions underscore the need for precise, actionable climate forecasting tools in the agriculture sector.
CEO Insights on Climate Challenges
Himanshu Gupta, CEO of ClimateAi, emphasized the increasing necessity of such technologies: “We continue to see extreme weather, from heat and droughts to excessive moisture, wreak havoc on our global food supply. This volatility will only increase year over year, so both businesses and governments must understand the impact on production, imports, exports, and food prices with enough time to react.”
Product Features and Benefits
Monitor Yield Outlook offers weekly updates from planting through harvest for major production countries, states, and specific sourcing locations. These updates are significantly more frequent and actionable compared to public reports or consultations, providing sourcing and procurement professionals with the tools to:
- Develop effective contracting strategies.
- Anticipate and manage sourcing risks.
- Take proactive measures in commodity markets.
Client Endorsements and Success Stories
Global clients, including Japanese multinational Suntory, have validated the effectiveness of ClimateAi’s yield forecasts. Brian Golden, Head of Global Supply Solutions at Suntory, shared his positive experience: “The yield tool is very insightful for us and a quicker way to understand impacts. Understanding county-level yield predictions of different commodities is quite impactful for us.”
Photo by Johny Goerend on Unsplash
