# Climate Risk

Fragrance Under Water: How Floods in a Tiny Chinese County Threaten the Global Jasmine Supply

Massive flooding in Hengzhou, Guangxi, has devastated the world's primary jasmine production hub, threatening the supply chains of major global beverage and fragrance brands. While corporate inventories may prevent immediate price spikes, the long-term damage to the local agricultural ecosystem poses a significant risk to the 19 billion RMB industry.