What the Pandemic Teaches Us about Business and Resilience
Facebook blurb: COVID-19 has heavily disrupted countless companies around the world. While resilience has always been a cardinal virtue for companies, times like these prove just how important it is for a company’s ultimate survival. Read our blog to see how the Sustainable Purchasing Leadership Council promotes resilience and sustainability through collaboration.
There’s no refuting the heavy impact COVID-19 has had on business. Record unemployment rates and interrupted supply chains have heavily disrupted countless companies around the world. While resilience has always been a cardinal virtue for companies, times like these prove just how important it is for a company’s ultimate survival. The Sustainable Purchasing Leadership Council (SPLC) recognizes that established, healthy networks with business peers, the public sector, and stakeholders are critical to a company’s resilience. Ultimately, this pandemic may teach us much about how to improve our networks and build resilience through collaboration.
Utilizing Existing Initiatives to Weather the Storm
At the SPLC, our mission has always been to bring buyers, suppliers, and public interest advocates together to develop and strengthen programs that improve sustainable purchasing efforts by large organizations. The existing guidelines and training we have promoted in the past – primarily to enhance the long-term health of our fellow humans and the environment at large – help companies now more than ever. COVID-19 has highlighted many societal inequities that exacerbate the pandemic’s effects and extend its reach. Utilizing pre-established networks to help train staff on proper hygienic measures or provide employees along the supply chain with protective gear, for example, can go a long way towards protecting public health.
Cultivating Resilience Past the Pandemic
Besides relying on pre-established networks, companies are also proactively collaborating with other businesses and organizations to support each other and share resources. Social distancing aside, the pandemic has shown that we are stronger together than on our own. By optimizing shared supply chains in a united bid to survive this crisis.
For the Sustainable Purchasing Leadership Council, social, economic, and environmental stewardship are paramount. To learn more about sustainability and resilience in purchasing, attend the virtual 2020 SPLC Summit taking place May 18-20th. Register today!