Business

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What they do KAJ is a B2B entertainment consultancy that offers full service solutions ranging from brand experience; marketing, strategy, sponsorship and content creation and more.

Talking points

  • Forbes inc. estimates a $7 billion dollar revenue loss for the US concert and live event industry. This will inevitably lead to the downfall of startups like KAJ. 
  • PPE prices have more than tripled in price as a reflection of increased demand from COVID 19.  

Why it matters PPE shortages are increasingly likely, and life threatening.

The pivot KAJ partnered with ApeironMed, a PPE supplier to co-sign a fundraiser to supply PPE at cost for Canadian hospitals in need.

For the people It’s important for small businesses and community members to do their part. KAJ listened to their community and saw an opportunity to connect a network to a cause. To learn more how they did it dive a little deeper below.

Dig deeper → 3 min

  1. Business

Why it matters

  • The program failed to exclude big businesses and smaller firms in good standings from receiving the low-interest loans as part of the PPP. 
  • Small businesses received little to no help through the program.
  • A large number of big businesses and small firms that received funding through PPP experienced financial hardship long before the COVID-19 crisis, according to an Associated Press Investigation.

Corporations facing backlash

  • Several large beneficiaries have decided to return the loans received through the PPP.
  • The LA Lakers, Kura Sushi USA and Sweetgreen have returned loans they received through PPP.

Between the lines

  • Small business owners and executives found the PPP process of application ambiguous and confusing. 
  • The Small Business Administration and Treasury Department had given businesses that wrongfully received loans till May 7th to return funds.
  • Corporations and small businesses that received over $2 million in loans will be audited and criminally prosecuted if found guilty of financial wrongdoing. 

Actions taken

  • Publix announced that it will purchase excess milk and food produce from farmers and donate it to Feeding America food banks.
  • Eateries such as Ho Foods and Roku have been feeding healthcare workers through fundraisers, while using their own resources too.

Dig deeper → 4 min

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Big picture In the age of corporate social justice, sustainability risk management can help firms make better choices for the planet while staying competitive.

Why it matters

  1. Identify the effects of sustainability issues on internal and external stakeholder value.
  2. Actively include sustainability in objective setting and cascading objectives across the levels of the organizational hierarchy.
  3. Develop concrete support for identifying, assessing, and managing economic sustainability risks.

Bottom line Sustainable risk management is the most effective and realistic strategy for creating a sustainable economy, as it allows companies to achieve the best of both worlds: financial success and climate risk mitigation.

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Current score Sports are still ‘cancelled’ - thanks COVID - but this ‘stoppage of gameplay’ presents an opportunity to improve sustainable business practices.

Quantify it Waste Management (WM) estimates that the four major professional leagues (NFL, MLB, NBA, NHL) generate approximately 35,000 metric tons of carbon dioxide (CO2) each year from their fans’ waste activities alone.

Big picture The sports world is rife with possibilities to convert to more sustainable practices that would strengthen bottom lines and increase public perception and longevity of their industry.

Why it matters Sports’ influence extends far beyond the reach of their stadiums, fields, rinks, and media presence. They impact cities’ transportation infrastructure, boost local economies and can significantly affect their regions’ environmental systems.

Next steps Say bye to hot dogs, and hello to better AC.

  • The pandemic draws attention to the meat industry and indicated essential changes necessary in the ‘food space’ 
  • Plant based alternatives can help pivot from factory farming and more towards a plant based future. 
  • Another adjustment will need to come in the live event arena where improved HVAC technology and design will reduce air pollutants and filter bacteria while increasing energy efficiency and lowering costs. 

Bottom line This pandemic will give fans and consumers a rare opportunity to play a role in systematically changing the operations of the sports industry. Our past has revealed that human beings can quickly adapt to changing environments.

The sports industry as a whole should reflect on this opportunity and make significant changes needed to forge ahead and prevent history from repeating itself.

Dig deeper → 2 min

  1. Business

The scoop John Tyson, Chairman of Tyson Foods, sent out a dire message about the global food chain supply breaking as millions of chickens, cattle and pigs face euthanasia due to widespread closures of slaughter houses. 

Where it stands

  • Meat processing plants across America face closure due to the pandemic. 
  • Processing plants use the ’just in time’ inventory system.
    • Animals have limited processing time, after which they get too big and loses their monetary value for companies such as Tyson.
  • It is difficult for meat processors to pivot between varying amounts of demand, exposing its shortcomings as a reliable form of food production. 

What are the main concerns?

  • Most meat processing plants operate in counties in America worst-hit by the coronavirus pandemic. 
  • Thousands of animals and workers in these poorly-sanitised plants remain in close proximity to one other. 
  • The chances of infections spreading are incredibly high in the plants, with over 5,000 meat workers and 1,500 workers contracting the virus since April. 
  • Meat processing systems lack a vital aspect of sustainability: resilience. 

Zoom out Farmers have discarded millions of pounds of edible food due to the virus and warn of increased food security concerns. Almost 30-40% of food is wasted in America, equivalent to an estimated value of $162 billion every year. 

Bottom Line Our food systems need to focus on resilience plans moving forward, making them more adaptable and decentralised to effectively deal with external disturbances such as a pandemic.

Dig deeper → 5 min

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I had the chance to sit down 1on1 with TemperPack co-CEO Brian Powers. In our conversation, we talked social entrepreneurship, venture capital and the future of sustainability.Last month, the sustainable packaging start-up closed a $22.5 million Series B, led by billionaire Steve Case's Revolution Growth, bringing its total funding to $40 million.

The story TemperPack was founded in 2015 as a partnership between two friends from Maryland and a third colleague from school, the company was born out of a desire to reduce the amount of unsustainable packaging that correlated with the growing world of e-commerce delivery.

The products TemperPack launched ClimaCell© in 2018. ClimaCell© is a bio-foam material made primarily from plant starch in our proprietary formula. They also produce JootBox©, which is a 100% recycled joot fiber that is recycled from used burlap sacks.

Check out the full interview here.

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Check it out Founded in April, Zauben is an end-to-end product and service company centered around green roofs and living walls.

The story Chief Vision Officer & Founder Zachary Smith was uniquely inspired by the abundance of artificial tools and toys in our everyday life. Smith observed expanding city limits, looming threats from climate change, and an increasing dependence on technology.

Learn more Green building remains a relatively young, untapped market in the United States. Zauben looks to be at the forefront of this hot urban trend in the coming years. They have a team of dedicated, award-wining designers who are ready to kick-ass in their first year of launching. Get ready to green the world with Zauben.

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