On June 11, NOAA officially confirmed El Niño has formed in the tropical Pacific. Sea surface temperatures have broken daily warm records for more than 20 consecutive days. If projections hold, this would rank among the three most powerful El Niño events in modern history. Dartmouth researchers found the 1997-98 event caused $5.7 trillion in lost global GDP over five years. The window to prepare is open now — and not for long.
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View original on Inc. Magazine: El Niño Is Back—and It Could Cost Businesses Trillions. What Smart Leaders Are to Prepare