Modelling Cascading Physical Climate Risk in Supply Chains with Adaptive Firms: A Spatial Agent-Based Framework

ArXi:2509.18633v4 Announce Type: replace We present an open-source Python framework for modelling cascading physical climate risk in a spatial supply-chain economy. The framework integrates geospatial flood hazards with an agent-based model of firms and households, enabling simulation of both direct asset losses and indirect disruptions propagated through economic networks. Firms adapt endogenously through two channels: capital hardening, which reduces direct damage, and backup-supplier search, which mitigates input disruptions.