Hedging weather risk and coordinating supply chains

Abstract

Journal of Operations ManagementVolume 66, Issue 3 p. 365-365 ERRATUM Free Access Hedging weather risk and coordinating supply chains This article corrects the following: Hedging weather risk and coordinating supply chains Xavier Brusset Jean-Louis Bertrand Volume 64Issue 1Journal of Operations Management pages: 41-52 First Published online: December 17, 2018 First published: 24 February 2020 https://doi.org/10.1002/joom.1083 AboutSectionsPDF ToolsExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Share a linkShare onEmailFacebookTwitterLinked InRedditWechat In Brusset and Bertrand (2018), the errors were published on pages 41, 43, 46, and in References. On page 41, where the article reads: The fact that temperature, rainfall and other weather variables have direct effects on various economic series is not new (Steele, 1951; Granger, 1978). In retail, weather determines the decisions of consumers as to what they buy, in what quantity, when and even where (Agnew and Thornes, 1995). It should read: The fact that temperature, rainfall and other weather variables have direct effects on various economic series is not new (Steele, 1951; Granger, 1978). In a context of rapid, chaotic and threatening climate change, the issue of adaptation of companies and the economy as a whole is of increasing relevance. As a sign of this increasing importance to decision makers in all walks of life, the work of William Nordhaus has just been rewarded with the 2018 Nobel Prize for Economics for his work in the mid-1990s on an integrated quantitative assessment model to describe the relationship between the economy and climate. In retail, weather determines the decisions of consumers as to what they buy, in what quantity, when and even where (Agnew and Thornes, 1995). On page 43, first column, the paragraph ending by the sentence: …different approach is needed to allow manufacturers to assess their losses due to adverse weather conditions when information provided by retail partners is scarce, inconsistent or limited, and to protect themselves from the financial consequences of such adverse weather conditions (Deschenes and Greenstone, 2011; Bertrand et al., 2015). The reference citation should read: (Deschênes and Greenstone, 2011; Bertrand et al., 2015; Bertrand and Brusset, 2018). On page 46, the paragraph just before section 6.1 that read as: The hedging and coordinating strategies for the sunscreen products and clothing follow the very same principle mutatis mutandis. It should read: The hedging and coordinating strategies for the sunscreen products and clothing follow the very same principle mutatis mutandis. The particular case of the sunscreen products has been dealt in detail in Bertrand and Brusset (2018). This missing reference should be added in the list of references: Bertrand, J.L., Brusset, X., 2018. Managing the financial consequences of weather variability. Journal of Asset Management 19, 301–315. https://doi.org/10.1057/s41260-018-0083-x. The previous publisher of the journal mistakenly published a penultimate version of the text in 2018. The corrections listed above are necessary and the text has been updated for accuracy in 2020. REFERENCE Brusset, X., & Bertrand, J.-L. (2018). Hedging weather risk and coordinating supply chains. Journal of Operations Management, 64(1), 41– 52. https://doi.org/10.1016/j.jom.2018.10.002 Wiley Online Library Web of Science®Google Scholar Volume66, Issue3April 2020Pages 365-365 ReferencesRelatedInformation