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As the effects of climate change grow more and more visible, and the world has become determined to take rapid action, there are significant risks and opportunities for European companies with supply chains in China. The European Union will start to demand carbon footprint data from 2023 and introduce a carbon border tax from January 2026.
This can be explained by low morale in such companies: their people are usually concerned about the possibility of being laid off, which affects their commitment and productivity. As a result, every team member knows what work he or she should focus on at the moment, there’s no bad multitasking, and the work on projects is maximum productive.
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