Sustainability was the buzz word of 2019 and would have continued to increase in prominence in 2020.
However, the global outbreak of coronavirus (COVID-19) will bring progress to a halt, according to GlobalData, a leading data and analytics company.
Emily Salter, Analyst at GlobalData, comments: “Making changes to materials, logistics and production processes to improve the sustainability of products and operations will slow, as sustainability is no longer top of retailers’ and consumers’ agendas. This is due to long-term adjustments being costly and many non-food retailers will be financially unstable as they emerge from this crisis after a significant period of low or no sales.”
Sustainability and single-use plastic will be less important to many consumers in the short term where hygiene and cleanliness is more of a priority to prevent the spread of the virus. Prior to the outbreak, shopping habits were starting to shift – 74% of nationally
Hundreds of rural and independent petrol stations across the UK will be forced to shut within a matter of weeks due to plunging fuel consumption during the Covid-19 pandemic, it was revealed today.
With the majority of the nation staying at home and told not to drive unless absolutely necessary, the decline in sales is making businesses unprofitable, according to the Petrol Retailers Association (PRA).
The news sparked dismay among some Twitter users, including a care worker who said she would be forced to stay at home if she could not buy fuel.
The PRA said in a statement: ‘Many petrol stations will have to close in the coming weeks, as sales of fuel dry up and their businesses become unviable.’
The organisation, which represents independent fuel retailers accounting for 70 per cent of the UK’s 8,385 forecourts, advised motorists to check their petrol station is still open before going
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Penske Media Corp. said Thursday that it would launch a sports business publication called Sportico.
It will launch this summer and have offices in New York and Los Angeles.
Its editor and head of content will be Scott Soshnick, a former Bloomberg News sports business reporter. The president and CEO will be veteran sports and entertainment executive Dick Glover.
“There couldn’t be a better team than Dick and Scott to launch Sportico and provide the leadership needed to create a successful digital media business,” said Penske CEO Jay Penske in a statement. “The strength of PMC’s financial standing allows us to be in perfect position to launch and rapidly expand this new venture at this unique time.”
Soshnick spent the past 27 years at Bloomberg News and established himself as the one of the nation’s leading and most respected sports business reporters. Most recently, he was responsible