Why is this a risk?
Increasing geo-based legislations and customer pressure to create environmentally-friendly products are forcing companies to examine their supply chains to understand reporting obligations and required data-collection activities. Without first developing an approach to understand the regulations that apply to the business and individual products, companies run the risk of significant wasted effort for both their resources and that of the suppliers.
Additionally, proper analysis can avoid costly product recalls, materials usage violations and consumer activism to boycott products.
Examples of where this risk could affect you
- You might engage a contract manufacturer to provide you with a specific part that goes into one of your products
- You ship product into countries with specific product regulations
What sort of suppliers could be engaged in this risk area?
- Component manufacturers that provide components to you that contain restricted or banned substances
- Suppliers whose products require proper materials labelling prior to distribution to end users
Which systems and tools do we provide as part of the Supplier Ecosystem™ Initiative to manage these risks?
Questionnaires, certifications and interviews issued by the ComplianceDesktop® | Compliance technology Platform to the supplier
Screening of the supplier and their sub-contractors via the IntegraWatch® | Compliance Screening database
IntegraCheck® | Integrity Due Diligence on the supplier and other companies involved in the supply chain