Check out this Quality Digest article, "The Business Case for a Long-Term Conflict Minerals Program" written by MetricStream Associate Vice President, Sonal Sinha. According to Sonal, "These days, what’s keeping many company executives up at night is Section 1502 of the 2010 Dodd-Frank Act. Considered by many to be one of the toughest regulatory reforms in recent times, the rule requires companies to track and report information about the presence of conflict minerals in their products. In concept, the rule seems well-intended—to minimize violence and human rights violations funded by the sale of conflict minerals in the Democratic Republic of Congo (DRC) and surrounding countries (“covered countries”). However, when it comes down to it, the complexities and nuances of the rule are rather overwhelming. Thousands of publicly traded companies that, until now, have likely had little visibility into their supply chains beyond Tier 1 suppliers, will now have to go right down to the source (i.e. the smelters), to determine if conflict minerals have been used in their products. This requires a whole new level of supply-chain tracing and analysis that is inherently complicated and cloudy. Hundreds of thousands of suppliers will have to be interviewed about their supply lines. Some might not have the correct or most current information. Others might not be willing to talk about it, for fear of losing their competitive advantage." Read the full article using the link below.
Posted on: Thu, 03 Oct 2013 05:03:15 +0000
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