30 Jan '13, 5pm

EBN - Paul Martyn - Jan 31: D-Day for Conflict Minerals Compliance via @ebnonline

Raw materials are in the headlines again, and it's not for rising costs this time. Instead, electronic companies are scrambling to meet the January 31 Securities & Exchange Commission deadline for reporting on "conflict minerals" -- gold, tin, tantalum, and tungsten -- that have entered the supply chain. It isn't as simple as filling out a quick form and forgetting about it; most companies lack the information, processes, and technology needed to adhere to the new SEC reporting standard. Compliance won't be easy or cheap. According to Deloitte, "The SEC has estimated it will cost U.S. businesses between $3 billion and $4 billion to implement processes to comply with "the rule." Right now, affected companies are asking suppliers these seemingly basic questions: Do you provide our company with any products manufactured with tin, tantalum, tungsten, gold, or any other conflic...

Full article: http://www.ebnonline.com/author.asp?doc_id=258279&section...

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