Open AccessSustainability learnings from the COVID-19 crisis. Opportunities for resilient industry and business development
Author(s) -
Stefan Schaltegger
Publication year - 2020
Publication title -
sustainability accounting, management and policy journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.619
H-Index - 29
eISSN - 2040-803X
pISSN - 2040-8021
DOI - 10.1108/sampj-08-2020-0296
Subject(s) - sustainability , futures contract , sustainable development , pandemic , business , supply chain , covid-19 , originality , order (exchange) , economics , economic growth , political science , marketing , medicine , ecology , disease , finance , pathology , infectious disease (medical specialty) , law , biology , creativity
Purpose The purpose of this paper is to identify sustainability learnings from origins of epidemics such as COVID-19 and deduct conclusions for businesses to create sustainable futures in three industries, which are strongly affected by Covid-19. Two main questions guide the discussion: How can we break the paths of viral epidemics through accounting for sustainability issues in the supply chain? How can we learn from sustainable supply chain failures to transform industries for sustainable futures? Design/methodology/approach This viewpoint provides a conceptual discussion of opportunities and the necessity to develop resilient businesses for three indsutries, which have been particularly affected by the Covid-19 crises. Findings To defeat future pandemics, three paths how epidemics develop need to be broken in order to create sustainable development structural transitions beyond degrowth are needed. Practical implications The practical implications for this paper are the learnings for management to develop more resilient businesses. Social implications By breaking the three paths of pandemic development and by contributing to sustainable futures of sectors, the likelihood of future pandemics can be reduced. Originality/value By considering origins and the past of pandemics and with sustainability transformations of businesses, contributions can be made for more sustainable futures of industries.