Post by S&P Global

From S&P Global Ratings: El Niño--the cyclical warming of sea surface in the central and eastern Pacific--influences weather patterns, and together with La Niña (the cooling phase) forms the El Niño-Southern Oscillation Cycle. A stronger-than-average El Niño increases global temperatures and exacerbates extreme weather events like drought and flooding, which can cause damage and disruption to companies' operations, assets, and supply chains. The likelihood of one developing between July and September has increased to 80% from 40% between May and July, with a 90% chance of it lasting until at least November, according to the WMO. Read more: https://okt.to/6GI3Pa