Environmental factors affect business sustainability from "summary" of Macroeconomics for Business by Lawrence S. Davidson,Andreas Hauskrecht,Jürgen von Hagen
Business sustainability is a crucial aspect that all companies need to consider in order to thrive in the long term. One key factor that can significantly impact the sustainability of a business is environmental factors. These factors encompass a wide range of elements, including climate change, natural disasters, resource scarcity, and pollution. Climate change, for instance, can lead to extreme weather events such as hurricanes, floods, and droughts, which can disrupt supply chains, damage infrastructure, and increase operating costs for businesses. Natural disasters like earthquakes or wildfires can also have devastating effects on businesses, causing physical damage to facilities, disrupting operations, and leading to financial losses. Resource scarcity is another environmental factor that can pose challenges for businesses. Dep...
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