Companies including Gap, Kraft and MillerCoors are all dealing with financial hits from water shortages and floods, according to news reports.
The Gap cut its profit forecast by 22 percent after the Texas drought killed much of the year’s cotton crop, Reuters said. Kraft, Sara Lee and Nestle have all announced plans to raise product prices after droughts and floods drove up commodity prices.
And stocks of gas company Toreador Resources fell 20 percent after France banned fracking, in large part because of concerns over water quality.
These stresses look set to intensify.