The Impact of Climate Change on Consumer Preferences and Levi's Outlook
The effects of climate change are not only disrupting supply chains and impairing businesses but also changing consumer needs and behaviors. Levi Strauss CEO Chip Bergh noted that the hotter climate has led to soft sales for denim, as people are less inclined to buy jeans in extremely hot weather. This trend is expected to continue as major shifts in weather become more common. The Treasury Department has also warned about the impact of climate change on households, including increased utility bills, higher food prices, and unexpected disruptions in access to childcare. Families, especially those in high-risk areas, are advised to prepare for these changes.
