Peak oil is currently not even considered as a risk for most businesses, yet its effects would make many of today’s business models redundant. Peak oil will cause substantial price volatility in raw materials and fuel. It will challenge globalized manufacturing and distribution models. Key Bristol economic sectors with a direct vulnerability to oil shortages and price rises include distribution, retail, construction and aerospace. However, large service sectors such as banking, insurance and tourism will not be immune.
Energy efficient companies will be able to keep costs better under control. Businesses that provide products and services tailored to fuel efficiency, energy savings and waste recovery are likely to be at an advantage. Companies located nearer their staff or allowing homeworking will cope better during acute fuel supply shocks. Overall, high oil prices will favour a more localised economy for everyday goods and services. Companies with complex supply chains are likely to have a harder time.
See full section on Key Economic Sectors
As transport becomes more expensive it will be vital to keep services and jobs local - some shops have been doing this for generations, and new enterprises are springing up. Locals need to support their local -
