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Ever since widespread lockdowns hit Australia (and the world) in March 2020 due to COVID-19, the worldwide pandemic has been the primary situation going through small companies.
Whereas local weather motion and sustainability are nonetheless extraordinarily vital, small companies have needed to face the clear and current hazard.
Small Business Australia ran a national survey earlier this yr and it made for some fairly bleak studying. Nearly a million SMEs have had to attract down on financial savings to outlive; one other 550,000 have reached into their superannuation and one other 93,000 have been compelled to promote actual property. The excellent news is there may be an finish in sight with COVID-19 vaccinations now rolling out throughout the nation. That may hopefully imply a return to normality round October, 2021.
Why sustainability remains to be a serious situation for SMEs
When the mud settles on COVID, sustainability and duty in the direction of local weather motion and the setting will as soon as once more be very a lot within the highlight.
With 9 in 10 customers saying that they would favor to cope with manufacturers which might be taking a management function with regards to sustainability and local weather motion, the time to begin occupied with this course of is now.
Not solely is sustainability essential from SMEs all around the world to assist us obtain carbon net-zero by 2050, it’s a key plank within the path to restoration from COVID-19.
Companies agree that sustainability will lead to optimistic progress
The Small Business Sustainability in a COVID-19 World report was lately launched and it has highlighted how sustainability shall be important for small companies and their capacity to compete, develop and survive within the post-COVID world.
The report discovered that 44 per cent of SMEs now view sustainability as vital to future success, which is up from 31 per cent in 2016. This spike has probably been impressed by current climate occasions in Australia, together with main floods and fires, in addition to the influence of COVID-19. Manufacturers now know they’ve to position objective alongside revenue on the high of their precedence checklist. SMEs have recognized the methods they are often extra sustainable, entice extra clients and develop with measures together with:
Reuse and recycle packages: SMEs have recognized waste and the supplies used of their processes as areas that may be addressed for extra sustainable operations and need to re-think the supplies they use and purchase into extra reuse and recycling packages.
Packaging: Plastics in our oceans is one other important risk to the setting and with so many companies taking over eCommerce choices throughout COVID-19, addressing how items are packaged is excessive on the agenda and extra sustainable supplies getting used.
Group help: Involving the local people in all sustainability measures creates a connection and a bond between SMEs and their clients which can in flip drive loyalty.
The planning for these processes can start now in order that when your corporation emerges from COVID-19, you can be able to face the following problem and rise from the ashes of pandemic efficiently.
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