The Boston Tea Party in December 1773 exemplified the impact of supply chain disruptions, highlighting their role in historical movements and modern commerce. Today's global supply chains face challenges from pandemics, natural disasters, and cyberattacks. Emphasising resilience, businesses must diversify suppliers, optimise inventory, adopt technology, assess risks, and strengthen partnerships to navigate future uncertainties effectively.
Tag: Sustainability
The Concept of Ethical Banking: A Modern Approach to Financial Responsibility
Ethical banking prioritizes social and environmental impacts alongside profit, fostering transparency and accountability. It avoids investments in industries like fossil fuels and promotes projects benefiting society, such as renewable energy. This trend is growing in India, reflecting a shift toward sustainable financial practices. Ethical banking aims for long-term profitability by aligning with societal values.