Abstract:
Against the backdrop of global warming, climate change—manifested particularly in the increasing frequency of high-temperature weather—poses growing threats to corporate operational efficiency and financial stability, making it worthwhile to investigate how digital transformation can enable enterprises to better respond to climate change and achieve sustainable development. From a supply chain perspective, this paper finds that digital transformation alleviates the negative impact of high-temperature weather in supplier locations on corporate performance, particularly when procurement amounts are high, supplier information transparency is low, and supplier scale is small. Digital transformation operates through three mechanisms: first, through real-time data synchronization and standardized data processing, it enhances information transmission efficiency between suppliers and geographically distant enterprises, strengthening corporate perception and responsiveness to upstream shocks; second, by providing more optimized and intelligent supply chain management systems, it helps enterprises improve resource integration and coordination capabilities, elevating supply chain collaboration efficiency and risk control levels; third, it alters corporate resource allocation strategies in response to uncertainty, enabling enterprises to avoid excessive inventory accumulation and improving asset liquidity. Robustness checks indicate that digital transformation has a similar mitigating effect on supply chain disruptions caused by extreme precipitation weather. We recommend further guiding enterprises to commit to digital development strategies, strengthening supply chain risk management, promoting the construction of meteorological information service platforms to enhance extreme weather forecasting capabilities, and accelerating the development of digital infrastructure such as 5G networks, the Internet of Things, and big data centers.
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